City Council Minutes 1984 01 17 - Laserfiche WebLink

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1/17/84 Page -12- MILLER WATER CONTRACT Councilmembers had a copy of the contract 1.334 SHARES OF MARSHALL and the request was for authorization for LAKE WATER the Mayor and City Clerk to sign the contract. AUTHORIZATION Councilman Leary moved, Councilwoman Morris seconded that the Mayor and City Clerk be authorized to sign the Edward Miller contract to purchase 1.334 shares of Marshall Lake Water. Amount of Yield Councilman Luce inquired what is the yield of water from this purchase. Administrator Wurl advised that the average yield of Marshall water is approximate 32 acre feet and in terms of service would pro- vide six-tenths of an acre foot per dwelling per year. Long Range Plan Mr. Luce inquired how this purchase fits into the City's long range plans? Administrator Wurl advised the City's priority is the acquisition of Marshall Lake water for primarily two reasons - the right itself, and storage in Marshall Lake. In terms of the overall plan we are looking at 300 shares, and have acquired a little over half of these. The time period is related to the growth of the City; also we are at the mercy of the people wishing to sell. The plan calls for this acquisition in 5 years, wasn't certain the City could accomplish it. Councilman Luce then inquired if the 300 shares would be the number calculated that would be :needed at full City build-out with the population equivalency. Mr. Wurl replied that coupled with some other rights in South Boulder Creek, of which there are very few remaining, and some South Boulder Coal Creek water in conjunction with Marshall Lake. Funding for Water Shares Councilman Luce inquired where the funding for water shares comes from. Administrator Wurl advised that 530 of the tap fees are set aside in a fund for water rights acquisition and/or storage. VOTE ON THE MOTION Question called for. All in favor. Motion carried unanimously.