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City Council Agenda and Packet 1992 08 04
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City Council Agenda and Packet 1992 08 04
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3/11/2021 1:21:03 PM
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1/20/2010 6:12:17 PM
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City Council Records
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City Council Packet
Signed Date
8/4/1992
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CCAGPKT 1992 08 04
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. r <br /> �/ <br /> ���0 <br /> 1�ar1 Or�hir a� Nc'wCD ax�l+�inrCt th• b�►cl�qrounc! on tts� Distriat anl� <br /> qava a•t�tus r�port on �.h� pi,p�lin� Pro��c�. Th• District w�• <br /> torw�d S.n 19]7, bo3,nq th� �fr�t an4 nar th� larq�st. Th�y hiv ths <br /> authority �o borro�r �an�y, tax prop�rty, tio ��t�r int4 contracta on <br /> b�ba�t o! th� Sta�� ot Colar�da, and to conatruct worlt� lik� thi� <br /> pip�linr, althouQb th� rtatut�s ar� brw►d�r than thRt, to conrtruct <br /> w�t�r t��ata�nt plantr, and to o�rati �nd �intain all o! th�s�► <br /> t�h�nq�. �h� aain CBT laci�iti�• in t*r�a o! tt�• wat�r poi^tibn ar� <br /> on th� y�rt�r.n 81op�. Th� �a�n r���rvair !or storaqr i• Granby <br /> R��rvoir vitb • tctal volua� o! arpurtd 4�0, 000 acr� l��t. Th� <br /> �r►t�r in �rwnbY is pua�d up a•hort �l�v�tion ris• into Shadvx <br /> �[ountaLn R�a�rvoir, whict� th�n tiaw� by qravSty t.�rauqh a cana <br /> 1 into Grat�4 Lak�, than by 9xavity und �1'flii� into Rocky Kountain <br /> N�t�onal park thrauqb �h� 1►dw tunn�X, ucitinq �u�t abov� Est�a <br /> park. In th� 117p�� th� p�i�• o! C8T wat�r brqan to skyrock�t. <br /> Citias liiur l�t. Cailina, l.�t�a Pack, Gr��I�y, Lc�nq�ottt, Lov��Rnd, <br /> wn4 eculd�r b�q�n to qxov. Tb�y tr�r� con��tinq �ith on� anoth�z o�x <br /> th� ap� aa�k��, vhich drov� t,h� pric� up. Th�y d�c�d�d th�t th�y <br /> w��� �u►st arivir►q th� pric� uQ, so tt��y lon�d th� si,x Citi�� <br /> Cor�itt� and baqan pur�u�rlq th� planninq ot Eh� windy Gap Proj�ct, <br /> (T1►Pi iNAUDIBLE) �ot2i Windy Gap an�l CDT cin b� soid on t'r�i opan <br /> aarlu�� vithout qoinQ tbrouqh Mat�r Court, ++hich i� � ur►i,�u� t�atur� <br /> in tA� Calorada wat�z iav. �1n �ntfty c�nnat purchas• subdi�trict <br /> ��t�r ira� Cti� 111ndy �ap Aroj�ct unl�as tri�y ar� v�thin th� <br /> baur�taarl.�� ot th� ru3�istr�.ct. �iwilsrly, an �ntity cannat <br /> puxchas• C�T w�t�� una�ss th�y ar� v�thin th� bounderi�� ot t2:�r <br /> Con��rv�ncY p:�trict. e�inq inc�ud�!! in t;�� bcundari�• of th� <br /> CQn,a�s'vaacx Ui�trict bringr wit1Y it tb� issu• at taxation. ?h�r� <br /> i� curr�ntly � on� �ill ad valor�a t�tc tbat's aas�sr�4 on all ].�nds <br /> tturouqhout th� Distr�ct. I!•� purpoa� i• to quar�n�r• r�pay��nt o! <br /> t!� v�trs port�otu� o! th� C8T pro� �ct back to tt.� F�d�ral <br /> �avsrru�xt. Th�y h�v� b��n �ucc��stu1 in puttinq into r���rv� al� <br /> o! th� a�ot►i�r n�cw�ary to r�pay th� dibt, vhlcb 1• du� in 100Z. <br /> Th� r�►aon th�y dop't r�x►aY �h� dabt nov ia baciura th� mon�y was <br /> borro�r�4 at 4f and thsy � r� u�rninq substant1�11Y �or• thar� that it� <br /> inv�at,r�ntr. <br /> Harardt what huppssu in �00� to th� t�x? <br /> Dr�h�r� That'• a d�c��ion ths Board vii� <br /> t►a,v� tn a�k�. L�qally, th�y coulQ <br /> ].�av� th� t�x on th� lind. Th� <br /> r�v�nur• !or th• Di�trict ce�►� sbout <br /> S�� �ro� th� tix and S0� tro� th� <br /> r�v�nu�s ar�ociat�d with th• <br /> allota�nt contracts. Thi pro��ct <br /> 7 <br />
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