SUBJECT: Consent Agenda
Title
A Resolution of the Board of Trustees of the Town of Erie Approving a Purchase and Sale Agreement with Hunt Brothers Properties, Inc. for the Purchase of an Easement for a Well Field
Body
DEPARTMENT: Public Works
PRESENTER: Todd Fessenden, Public Works Director
FISCAL SUMMARY:
Cost as Recommended: $117,600
Balance Available: $1,780,700
Budget Line Item Number: 500-70-110-605000-100333
New Appropriation Required: No
STAFF RECOMMENDATION:
Recommendation
Resolution approving a Purchase and Sale Agreement with Hunt Brothers Properties, Inc. for the Purchase of an Easement for a Well Field.
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
The majority of the Town’s current water supply is from the Colorado River Basin through the Town’s ownership of Colorado Big Thompson (“CBT”) and Windy Gap Units. However, it is important for the Town to diversify its water portfolio for several significant reasons. They include, but are not limited, to physical and legal constraints on a source of water, temporary impacts to water quality of a water source such as a forest fire or a chemical spill, and varied water supply from year to year.
Town staff identified a local source of water which the Town can access through a well field. The Town obtained decrees for the necessary water rights and plan for augmentation pursuant to the Board’s prior approval (Resolution 19-64). These decrees establish a specific location for the well field. The Town has negotiated for the purchase of an easement that will provide the Town with the legal right to develop a portion of the well field and associated infrastructure at the specified location. Town staff believe these actions are imperative for the Town to continue to meet all water demands of the Town’s residents.
Fiscal Impact: $117,600
Board Priority(s) Addressed:
ü Prosperous Economy
ü Safe and Healthy Community
ü Effective Governance
ATTACHMENTS:
1. Resolution 21-119
2. Agreement