HomeMy WebLinkAbout2003-035-03/25/2003-ESTABLISHING RENTAL RATES TO BE CHARGED FOR THE CITYS SURPLUS WATER FOR THE 2003 SEASON RESOLUTION 2003-035
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ESTABLISHING RENTAL RATES TO BE CHARGED FOR THE
CITY'S SURPLUS WATER FOR THE 2003 SEASON
WHEREAS, each year after the irrigation companies have established the annual assessment
rates for their water, the City's Water Board (the "Board") makes a recommendation to the City
Council on the rental rates to be charged for the City's surplus raw water; and
WHEREAS, the Water Utility uses these rates to assess charges for various contractual raw
water obligations and for raw water deliveries to other City departments; and
WHEREAS, on February 27, 2003, the Board discussed the rental program and
recommended the following rates for the 2003 irrigation season:
Type of Water Proposed 2003 Rental Charge
NCWCD Water(CBT) - Ag $ 400.00/ac-ft
NCWCD Water(CBT)—M&I $ 400.00/ac-ft
Pleasant Valley&Lake Canal Co. $ 250.00/share
New Mercer Ditch Co. $ 250.00/share
Larimer County Canal No. 2 $ 300.00/share
Arthur Irrigation Co. $ 35.00/share
Warren Lake Reservoir Co. $ 350.00/share
Sherwood Res. Co. $ 10.00/share
Sherwood Irrigation Co. $ 450.00/share
Joe Wright Reservoir Water $ 750.00/ac-ft
Reusable Effluent $ 750.00/ac-ft
Rates may be adjusted to reflect the remaining yield or the prevalent market price of the water stock
being rented.
NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the rental rates set forth above are hereby approved for the City's surplus raw water
for 2003, subject to adjustment by the City Manager to reflect significant changes in the remaining
yield or the prevalent market price of the water stock being rented, and the City Manager is
authorized to rent such surplus raw water at said rates.
Passed and adopted at an adjourned meeting of the City Council held this 25th day of March,
A.D. 2003.
Mayor
ATTEST:
City Clerk