Resolution 2002-21 - Laserfiche WebLink

Home Browse Search

RESOLUTION NO. 21 SERIES 2002 A RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE WATER LEASE AND EXCHANGE AGREEMENTS ON BEHALF OF THE CITY IN ORDER TO ENHANCE CITY WATER SUPPLIES WHEREAS, the City Council finds that drought conditions within the Boulder Creek drainage and State of Colorado are currently impacting and threatening the City's available water supply; and WHEREAS, information available as of the date of this resolution indicates that available snow pack and stream runoff conditions within Colorado may be worse than those observed in over 100 years; and WHEREAS, because of such drought conditions, the City Council finds it is necessary and desirable to enhance the City's water supplies though the leasing and exchange of water rights as such rights become available for lease or exchange; and WHEREAS, in order to permit the City to timely act on proposed leases and exchanges of water, the City Council by this resolution desires to authorize the Mayor to enter into water lease and exchange agreements on behalf of the City within the parameters set forth herein. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: 1. The Mayor is hereby authorized to execute on behalf of the City such water lease and water exchange agreements as the Mayor determines are necessary or desirable for the enhancement of the City's water supplies. Any such lease shall be at a rate no greater than $300 per trait for lease of units within the Colorado Big Thompson Project, or an equivalent rate for other water rights. A maximum of the equivalent of 500 units of Colorado Big Thompson Project water may be secured pursuant to this Resolution. 2. All obligations of the City to make payment under any lease or exchange agreement entered into pursuant to the authority set forth herein shall be subject to annual appropriation in the sole and absolute discretion of the City Council of City of Louisville. 3. The Mayor, City Manager and City Staff are authorized to do all things necessary on behalf of the City to perform the obligations of the City under any water lease agreement entered into pursuant to this Resolution and to execute and deliver any and all documents necessary to effect the lease of water under the terms and conditions of such leases. PASSED AND ADOPTED this 18th day of June 2002.