City Council Minutes 1984 01 17 - Laserfiche WebLink

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1/17/84 Page -19- would be to authorize the Mayor and Clerk to sign the Denver Water Contract proposal subject to our Attorney's approval of the agreement with Mission Viejo, and that that agreement be signed at the same time. The other option would be to adjourn this meeting until January 23rd, the next study session, if council wished to review the Mission Viejo agreement and do both these that evening. There we would hand deliver the documents the following day. Administrator Wurl also advised that the 40°s represented the Two Forks portion of the total EIS study, which includes other projects. It was his opinion that even absent Mission Viejo the recommendation would be for Council to :sign the contract. There was a tremendous amount of interest in the water., which was confirmed by the list, and didn't feel the City would lose anything by proceeding. Felt: that the Two Forks option maybe an option that: Louisville can utilize. Our actual water wou]_d come from Gross Reservoir obviously but our interest would be in Two Forks. His recommendation would be that council authorize the Mayor and Clerk to sign the agrE.ements subject to the Attorney reviewing the Mission Viejo agreement. Councilman Woodson Commented he would feel uncomfortable about spending $22,800 without more information; therefore would prefer a briefing on the project before making a commitment. Councilman Luce Inquired what is the probability that we would desire to exercise the option of going through with this agreement, not sub- ject to anything with Mission Viejo, our 1% :share of the EIS study. Administrator Wurl felt it would be very good. Commented there would be an 80-90% chance that the recommendation would be to go ahead. Some points that still need to be clarified in the contract i.e. the exchange and exactly how that exchange would take place - when and where we would take our water. Cost of the City's share Councilman. Luce inquired if the costs as stated in the contract were 1%, which he calculated the City's share would be in ex- cess of 3/4th of a million dollars, was this fairly accurate?