HomeMy WebLinkAbout1991-038-03/05/1991-ESTABLISHING RENTAL RATES SURPLUS WATER RESOLUTION 91- 38
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 sur-
plus water; and
WHEREAS, on February 15, 1991, the Water Board discussed the rental
rates for 1991 and recommended the following rates for the 1991 irrigation
season:
Irrigation Company Proposed 1991 Rental Charge*
NCWCD Water (CBT) $ 18.00/ac-ft
North Poudre Irrigation Company $ 85.00/share
Water Supply & Storage Company $1,800.00/share
Pleasant Valley & Lake Canal Co. $ 95.00/share
New Mercer Ditch Company $ 250.00/share
Larimer County Canal No. 2 $ 180.00/share
Arthur Irrigation Company $ 9.00/share
Warren Lake Reservoir Co. $ 120.00/share
* For late season rentals, rates may be adjusted to reflect the
remaining yield or the prevalent market price of the water stock being
rented.
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 1991 .
BE IT FURTHER RESOLVED that the Water Utilities Director or his repre-
sentative 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 5th day of March 1991 .
Mayyoro _V
ATTEST:
City Clerk