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HomeMy WebLinkAbout2004-041-03/16/2004-ESTABLISHING RENTAL RATES AND DELIVERY CHARGES FOR THE CITYS RAW WATER FOR THE 2004 SEASON RESOLUTION 2004-041 OF THE COUNCIL OF THE CITY OF FORT COLLINS ESTABLISHING RENTAL RATES AND DELIVERY CHARGES FOR THE CITY'S RAW WATER FOR THE 2004 SEASON WHEREAS,each year prior to the irrigation season,the City staff and the Water Board(the "Board")make a recommendation to the Council regarding rental rates and delivery charges for the use of the City's raw water; and WHEREAS,the Water Utility uses these rates to assess charges for agricultural rental water, for various contractual raw water obligations and for raw water deliveries to other City departments; and WHEREAS, on February 26, 2004, the Board discussed the rental program and the use of raw water and recommended the following rates for the 2004 irrigation season: Type of Water Proposed 2004 Rental Rates/Charges (1) RWR Not Satisfied RWR Satisfied Active Rental Market NCWCD Water(CBT) - Agricultural $ 30.00/ac-ft n/a NCWCD Water(CBT)—Muni. &Ind. $ 45.00/ac-ft n/a North Poudre Irrigation Co. —Early Ag Use $ 15.00/ac-ft n/a North Poudre Irrigation Co. —Seasonal Ag Use $ 27.00/ac-ft n/a North Poudre Irrigation Co. —Multiple Use $ 32.00/ac-ft n/a Water Supply and Storage Co. $ 3,000.00/share n/a Reusable Sources $ 400.00/ac-ft n/a Limited Rental Market Arthur Irrigation Co. $ 60.00/share $ 9.60/share Latimer County Canal No. 2 $ 450.00/share $ 360.00/share New Mercer Ditch Co. $ 450.00/share $ 360.00/share Pleasant Valley&Lake Canal Co. $ 500.00/share $ 180.00/share Warren Lake Reservoir Co. $ 300.00/share $ 180.00/share Sherwood Res. Co. $ 10.00/share $ 8.40/share Sherwood Irrigation Co. $ 480.00/share $ 480.00/share Notes: (1) 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 and charges as set forth above are hereby approved for the City's raw water for 2004 and the Utilities General Manager, or his representative, is authorized to rent or deliver such raw water at said rates. Passed and adopted at a regular meeting of the Council of the City o Fort Collins held this 16th day of March, A.D. 2004. ayor ATTEST: \���� NAA -�- City Clerk