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Sisk wondered, if Louisville could take the 3 c.f.s, and buy a <br />option for an additional 1 c.f.s, at a stated price or a price that <br />would increase with inflation. <br /> <br />Phare: <br /> <br />Sisk: <br /> <br />I don't think it would be in the <br />form of an option. Participants are <br />allowed to lease their capacity to <br />other participants. We can't have <br />an option, because when we build the <br />pipeline there is a given capacity <br />that would be prorated among the <br />participants. <br /> <br />Are there any .other options that <br />could be discussed? <br /> <br />Phare: <br /> <br />Davidson: <br /> <br />There is off-peak capacity that may <br />be available, but because we're on <br />the tail end of the pipeline, there <br />is really only one other party that <br />has a common alley all the way <br />through. <br /> <br />To me, it's a very environmentally <br />sound policy to import the water <br />from Northern Colorado, rather that <br />try to dry up all of the local <br />areas, and encourage growth. I <br />don't see what choice we have, if <br />we're going to plan long term, than <br />to go up to 4 c.f.s. I cut all of <br />these tap fees in half, assuming on <br />average we're only going to do half <br />of this level. You still don't drop <br />down below, where you're using up <br />all of your reserves. That told me <br />we had enough money to go to 4 <br />c.f.s, without borrowing money. <br />Going through these numbers, I <br />convinced myself that 4 c.f.s, was <br />the number to go to, because 4 <br />c.f.s, is the number that produces <br />the water we need and still forces <br />us to go to a substantial open space <br />policy for annexations. <br /> <br />Mayer moved that Council direct staff to amend the contract with <br />Northern Colorado Water District to specify 4 c.f.s, capacity in <br />the pipeline and authorize the Mayor to sign same. Seconded by <br />Sisk. <br /> <br /> <br />