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• <br /> 6 months if further review indicates its <br /> appropriate, bat 2 think its such more equitable <br /> and realistic. It reflects whets happened in the <br /> last decade in terms of our performance is the <br /> marketplace versus the amount of water that we've <br /> boon dedicated. We are working on about an $020 <br /> split. This policy is not intended to require <br /> anybody to dedicate special water to serve the <br /> property. we know that we still will have to buy •.• <br /> *0% of our water in the sarketplece. What it Le- <br /> intended to do is simply to put everybody os equal �'. <br /> footing from da one when they start their �o i' <br /> so that dry projects do not is effect haw* *:: <br /> competitive advantage over projects that beinil Welt <br /> in and dedicated to the City." <br /> r r '-ay <br /> ti � <br /> Will:.amoco also stater that credit viii now 'be ggi!, <br /> for storage capacity. *We era giving more Credit ti <br /> for an sore foot of stored water than an acre <br /> foot of direct flaw water." This will help to • •.• <br /> offset the City Capital Imprcvessnt Project coot tot <br /> the storage of raw water. <br /> Dove Stahl, Soaart Development Co., asked if this <br /> new policy would in any way give Superior a co.part17-• <br /> tive advantage over Louisville. More is as <br /> agreement between the Town of Superior and City of • <br /> Louisville wherein Louisville is required to provide <br /> 1200-1300 rater taps to Superior at the ease rata <br /> today as in-City tailors. Stahl spec ulateed that <br /> possibly with this mew policy, Superior would have <br /> an advantage over new developments in Louisville. <br /> Millisason stated that the Agreement is written soot <br /> that after the first 33$ tape issued under this <br /> Intergovernmental Agreement, the leverage actually <br /> goes the other way. Only the first 334 tape can be <br /> issued without water right dedication. heraafte r, <br /> all of the taps that are available under this <br /> Agreement require in-City tap fees plus 4/10th of as <br /> acre foot of water par single family unit. This <br /> dedication policy, if adopted, requires an acre toot <br /> per acre as opposed to 4/10th per unit. So the <br /> dedication requirements, after you get passed that <br /> first 330, is significantly higher under the Agree- <br /> ment. <br /> With no further discussion or questions, Mayor <br /> Pauson called for a motion. <br /> Mohr moved that the Water Rights Dadtcatioe Polley <br /> be adopted. Mayor Sausoa seconded. Dna n►iasous. <br /> 4 <br />