HomeMy WebLinkAbout1986-205-12/16/1986-MEMORANDUM OF UNDERSTANDING THORNTON COLORADO WATER SUPPLY STORAGE COMPANY RESOLUTION 86- 205
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE MAYOR TO EXECUTE A MEMORANDUM OF
UNDERSTANDING WITH WATER SUPPLY AND STORAGE COMPANY AND
THE CITY OF THORNTON, COLORADO
WHEREAS, the City of Fort Collins ("City") , the City of Thornton
("Thornton") , and Water Supply and Storage Company ("WSSC") are involved in
a lawsuit in the District Court of Larimer County; and
WHEREAS, the City is a shareholder in WSSC; and
WHEREAS, Thornton and WSSC have proposed an agreement to the
shareholders of WSSC, which agreement has as its purpose the resolution of
the lawsuit, which lawsuit, if resolved, may result in the implementation
of Thornton's plan to export certain waters from and return other waters to
the Cache LaPoudre Basin; and
WHEREAS, sufficient information is not presently available from
Thornton as to its plan and the impact that such plan might have on the
City; and
WHEREAS, the City wishes to protect its interests as they may be
affected by Thornton's plan as authorized in the proposed settlement
agreement; and
WHEREAS, a Memorandum of Understanding has been drafted to afford the
City security as to its future rights and remedies in order that the City
may better determine how to vote regarding the proposed settlement
agreement; and
WHEREAS, it is in the best interests of the citizens of the City of
Fort Collins that the Memorandum of Understanding be executed by the
parties.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the Mayor be, and he hereby is, authorized to execute the
Memorandum of Understanding between the City of Fort Collins, the City of
Thornton and the Water Supply and Storage Company, which pertains to the
proposed settlement agreement for Civil Action No. 86CV982.
Passed and adopted at a regular meeting of the Council of the City of
Fort Collins held this 16th day of December, A.D. 1986.
Mayor
ATTEST:
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City Clerk