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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