City Council Minutes 1983 02 01 - Laserfiche WebLink

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Written Argument Councilman Cussen APPROVAL MARSHALL LAKE WATER CONTRACT AUTHORIZATION FOR MAYOR AND CLERK TO SIGN CONTRACT Councilwoman Morris Councilman Leary 2/1/83 Page -7- Administrator Wurl to verify estimate figures before the meeting. Councilman Leary suggested that a written argument be presented to the Boulder County Commissioners of the items discussed by Council. Felt that it was important that Council was unanimous on the vote of the Alternative so that the Boulder County Commissioners would see that we are strongly supportive as a City. Mayor, councilmembers and administrator agreed. Question called for on the motion. All in favor. Motion carried unanimously. Councilmembers had a copy of the contract. Administrator '.JurI advised the contract was leasing and optioning 21.6 shares of Marshall Lake W~ter. The request was for authorization for the Mayor and Clerk to sign the contract. Wurl stated thE~ City would have use of the water immediatE~ly and it could be as long as 8 years before the land sale is consum- mated. At that time we would be able to close on the contract. It is one of the largest blocks that the City has been able to purchase at a price lower than previous contracts. Councilman Cussen moved, Councilman Ferrera seconded that the Mayor and Clerk be author- ized to sign the contract for 21.6 shares Marshall Lake water. Inquired if this acquisition would effect the size pipeline that is needed? Wurl advised that it would not. Commented given the different financial arrangement - inquired if there would be any additional costs because of this. Wurl replied - no. Advised that the City would pay the assessment anyway. He further stated the benefit to the seller is through their arrangement with the landowner.