City Council Minutes 1992 07 06 - Laserfiche WebLink

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unable to pay bonded indebtedness outside of revenue bonds, then the Statutes would allow us charge an additional 1/2 mill on the properties to cover that indebtedness. We're governed by a Board of 12 Directors. The principal counties that we deliver water directly to are Boulder, Larimer, and Weld Counties. There are three Directors from each of those Counties. There is another Director from (each) the lower South Platt River, Logan, Washington, Segwick and Morgan Counties. They are appointed by the presiding District Judge. There is a provision in the Statutes, whereby if a Director's constituency doesn't believe he's adequately representing them, he can be recalled and replaced with an election. The subdistrict also has the authority to levy taxes for the purpose of retiring revenue bonds. The District has the same authority in addition to the one mill ad valorem tax, it can issue a tax to repay debt that is in default from revenue bonds in accordance with the State Constitution, which allows general obligation tax for water infrastructure. We deliver water supplies directly to use primarily in Boulder, Larimer, and Weld Counties. The District boundaries extend east of Weld County into Morgan, Sedgewick, Logan, and Washington Counties. They pay that one mill tax and get no delivery of CBT water, because of the value that's received from the return flows from CBT. Both CBT and Windy Gap waters are trans-mountain supplies. Under the laws of Colorado, Trans-mountain supplies can be reused to extinction. In the case of CBT water, the Board's policies prevent the reuse of CBT. A municipality or a farmer is only entitled to one use of CBT with the return flows dedicated back to the 5