City Council Minutes 2003 04 15 - Laserfiche WebLink

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Louisville City Council Meeting April 15, 20O3 Page 11 of 14 at $12,500 per unit. The agreement is with the Town of Superior, who has offered the 144 units, plus an additional 12 units for a total of 156, to Louisville through a special purchase arrangement they have with the Platte Valley Irrigation Company. Funding for the purchase of these units is from the interim funds from Colorado Water Power Authority Board. He stated the City would pay attorney fess on the number of pro-rated shares. He noted Staff is still negotiating the final language of the agreement, and requested the CBT acquisition be authorized through adoption of Resolution No. 11, 2003, which provides for the Mayor to negotiate and approve revisions to the contract. MOTION: Sisk moved for Council approval of Resolution No. 11, Series 2003, for 156 CBT units, seconded by Levihn. Roll call vote was taken. The motion passed by a vote of 7-0. APPROVAL OF CONTRACTS TO PURCHASE COLORADO BIG THOMPSON (CBT) WATER RIGHTS Davidson called for Staff presentation. Public Works Director reported Staff has received inquires from CBT owners indicating their desire to sell their Units of CBT. Additionally, an individual representing River View Estates, LLC, contacted Staff regarding 110 units at $12,100 per unit. He stated if the contract should close, it would represent a CBT acquisition totaling $1,331,000. Staff is requesting Council approval on the purchase contracts for a total of 184 units of CBT with authorization for the Mayor to execute the purchase agreements, and authorize the Mayor and City Attorney to negotiate and approve non-substantive changes. MOTION: Sisk moved that Council approve the Agreement for Purchase of 184 Units of CBT water, seconded by Levihn. Roll call vote was taken. The motion passed by a vote of 7-0. Phare summarized the City's recent water rights acquisitions and noted late last year Council finalized a contract for 150 units, and with the contracts just approved, the total of CBT units would be in excess of 500 units. He stated those acquisitions will help in this years, and future years water supply. UPDATE - DROUGHT MANAGEMENT PLAN DISCUSSION/DIRECTION - EXECUTIVE ORDER REGARDING OUTDOOR WATERING AND 2003 PROGRAM Davidson called for Staff presentation. Public Works Director Tom Phare reported a public meeting has been scheduled on the City's Draft Drought Management Plan for April 24, 2003, at 7:00 p.m., at the Recreation Center. Copies of the draft are available at the Recreation Center, Library and at the Public Works Department at City Hall. 11