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HomeMy WebLinkAbout1984-042-03/20/1984-ESTABLISHING RENTAL RATES TO BE CHARGED FOR THE CITYS SURPLUS WATER RESOLUTION 84- 42 OF THE COUNCIL OF THE CITY OF FORT COLLINS ESTABLISHING RENTAL RATES TO BE CHARGED FOR THE CITY'S SURPLUS WATER WHEREAS, each year after the irrigation companies have established the annual assessment rates for their water, the Water Board makes a recommen- dation to the Council on the rental rates to be charged for the City' s surplus water; and WHEREAS, on February 17, 1984, the Water Board discussed the rental rates for 1983 and recommended the following rates for the 1984 irrigation season: Irrigation Company 1984 Rental Charge NCWCD Water (CBT) $ 12.00/ac-ft North Poudre Irrigation Company $ 100.00/share Water Supply & Storage Company $1500.00/share Pleasant Valley & Lake Canal $ 70.00/share New Mercer Ditch Company $ 220.00/share Larimer County Canal #2 $ 140.00/share Arthur Irrigation Company $ 20.00/share * For late season rentals , rates may be adjusted to reflect the proportional remaining yield of the water stock being rented (if applicable) ; and WHEREAS, municipal supply and demand will be monitored and quantities available for rent will be determined periodically; -and WHEREAS, an adequate amount of water will be reserved to ensure that the City' s requirements are met. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the above rental rates be, and they hereby are, approved for surplus water for 1984. BE IT FURTHER RESOLVED that the Water Utilities General Manager or his representative be, and he hereby is, authorized to rent surplus water at the rates specified. Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this 20th day of March, A.D. 1984. ATTEST: a r City Clerk