Subject: Consent Agenda
Title
A Resolution of the Board of Trustees of the Town of Erie Approving the Eighteenth Interim Agreement Between the Northern Colorado Water Conservancy District, Through its Northern Integrated Supply Project Water Activity Enterprise and the Town of Erie, Acting By and Through its Erie Water Activity Enterprise
Body
Department: Public Works
Presenter: Todd Fessenden, Public Works Director
Fiscal Summary:
Cost as Recommended: $3,087,500
Balance Available: $3,250,000
Budget Line Item Number: 500-70-110-603500-100007
New Appropriation Required: No
Staff Recommendation:
Recommendation
Approve the Resolution approving the Town to enter into the Eighteenth Interim Agreement for Participation in the Northern Integrated Supply Project.
End
Summary and Background of Subject Matter:
The Board of Trustees previously approved numerous agreements with the Northern Colorado Water Conservancy District, acting by and through its Northern Colorado Water Conservancy District Northern Integrated Supply Project Water Activity Enterprise, (NCWCD) to participate in the Northern Integrated Supply Project (NISP or the Project). The Town of Erie, acting by and through its Erie Water Activity Enterprise, (Erie) is participating in the Project for a permitted firm yield of 6,500-acre feet per year of water for future water demands.
At this time, NCWCD has requested that each participant in NISP enter into an Eighteenth Interim Agreement for Participation in NISP (Agreement) to continue its participation into 2022 and to provide funds in support of the Project in 2022, as discussed in more detail below. The proposed Agreement between Erie and NCWCD is attached hereto, and the Project participants' financial contributions for 2022 are listed in Exhibit B to the Agreement.
As background, NISP is a water project coordinated by NCWCD to develop additional water resources for 15 participant water providers within northern Colo...
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