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6 months if further review indicates its <br />appropriate, but I think its much more equitable <br />and realistic. It reflects whats happened in the <br />last decade in terms of our performance in the <br />marketplace versus t:he amount of water that we've <br />been dedicated. We are working on about an 80-20 <br />split. This policy is not intended to require <br />anybody to dedicate special water to serve the <br />property. We know ghat we still will have to buy <br />80$ of our water in t:he marketplace. What it is <br />intended to do is simply to put everybody on equal <br />footing from day one when they start their project <br />so that dry land projects do not in effect have a <br />competitive advantage over projects that bring water <br />in and dedicated to the City." <br />Williamson also stated that credit will now be given <br />for storage capacity. "We are giving more credit <br />for an acre foot of stored water than an acre <br />foot of direct flow water." This will help to <br />offset the City Capital Improvement Project cost for <br />the storage of raw water. <br />Dave Stahl, Homart Development Co., asked if this <br />new policy would in any way give Superior a competi- <br />tive advantage over :Louisville. There is an <br />agreement between the Town of Superior and City of <br />Louisville wherein Louisville is required to provide <br />1200-1300 water taps to Superior at the same rate <br />today as in-City users. Stahl speculated that <br />possibly with this nE~w policy, Superior would have <br />an advantage over new developments in Louisville. <br />Williamson stated that the Agreement is written such <br />that after the first 338 taps issued under this <br />Intergovernmental Agreement, the leverage actually <br />goes the other way. Only the first 338 taps can be <br />issued without water right dedication. Thereafter, <br />all of the taps that are available under this <br />Agreement require in-City tap fees plus 6/10th of an <br />acre foot of water peer single family unit. This <br />dedication policy, if adopted, requires an acre foot <br />per acre as opposed to 6/10th per unit. So the <br />dedication requirements, after you get passed that <br />first 338, is significantly higher under the Agree- <br />ment. <br />With no further discussion or questions, Mayor <br />Fauson called for a motion. <br />Mohr moved that the Water Rights Dedication Policy <br />be adopted. Mayor Fauson seconded. Unanimous. <br />6 <br />