City Council Minutes 1989 03 20 - Laserfiche WebLink

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City negotiated to purchase 62 shares of South Boulder Canon Ditch stock along with certain storage rights in the Marfell Lakes. The water rights have historically been used on a farm south of Erie owned by Jim and Carina Futhey. The Futheys dissolved their marriage and split up the land and water rights in kind. The City purchased 30 shares of South Boulder Canon Ditch stock and the storage rights from Carina Futhey over a year ago. The Jim Futhey land and water rights were subsequently transferred to RB Development, Inc. That entity has been in Chapter 11 reorganization for the last several months and therefore the City has been unable to complete the water rights acquisition. However, in late February, the bankruptcy court entered an order allowing RB Development, Inc. to proceed with the proposed sale of the remaining 32 shares of South Boulder Canon Ditch stock to the City. The selling price is the same as the earlier transaction and the terms are comparable. The City will pay $6,000 down at closing and pay the remaining $90,000 over several years pursuant to a promissory note bearing interest at the rate of 6.9~. Mayor Fauson moved and Scarpella seconded to place Ordinance #990 out for publication and set a public hearing for April 4, 1989. Motion passed 7-0. MASTER WATER PLAN UPDATE Phare explained that over the past few months, staff has been in a process of revising the City Comprehensive Plan. The revision to the Comprehensive Plan requires updating the existing Water Master Plan. The Comprehensive Plan identifies areas north and southwest that are not currently in the water service planning area. The Public Works Department is proposing that the current Master Plan be updated to reflect the additional planned service areas identified in the Comp Plan. In addition to revising the Master Plan to reflect additional service areas, there will be some effort spent reviewing water consumption data used to create projections of peak demands. The update will also provide projections of plant sizing for the proposed Howard Berry Plant. Staff requested a proposal from Rocky Mountain Consultants (RMC) to update the Water Master Plan for land use and service areas as reflected in the Comp Plan. RMC's proposal for this work is $14,600 to conduct the update including mapping and a written report. There will also be an expense for computer software (approximately $1,800) to allow in-house 4