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File #: 19-024    Version: 1 Name:
Type: Consent Agenda Status: Agenda Ready
File created: 1/2/2019 In control: Board of Trustees
On agenda: 1/8/2019 Final action:
Title: A Resolution Of The Board Of Trustees Of The Town Of Erie Authorizing A Payment In The Amount Of $262,600 For The Lease Of Colorado Big Thompson Units From Bijou Irrigation Company
Attachments: 1. Resolution, 2. 2018-2019 financial commitments 01.02.19 - Bijou
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SUBJECT: CONSENT AGENDA

Title

A Resolution Of The Board Of Trustees Of The Town Of Erie Authorizing A Payment In The Amount Of $262,600 For The Lease Of Colorado Big Thompson Units From Bijou Irrigation Company

Body

DEPARTMENT:                                           Public Works

 

PRESENTER:                                                                Todd Fessenden, Director of Public Works

 

FISCAL INFORMATION:

Cost as Recommended:                      $262,600

Balance Available:                                           $262,600

Budget Line Item Number:                      500-70-110-573440-000000

New Appropriation Required:                      No

 

STAFF RECOMMENDATION: Approve Resolution authorizing payments and authorizing Staff to expend said funds.

Recommendation

 

End

SUMMARY AND BACKGROUND OF SUBJECT MATTER:

The 2019 Operating Budget includes assessment fees for various water items. These are estimated amounts from the Town’s water attorney Paul Zilis; actual costs may vary. If the actual costs are more than 10% higher than the estimates, Staff will present the item to the Board for approval to pay. The Bijou lease is a lease for five years to provide a temporary water source for the Town while the Windy Gap Firming Project and the Northern Integrated Supply Project are being pursued.

 

Description                     2018 Actual                      2019 Budget

Bijou Irrigation Company Water Lease                     $203,918.40                     $254,900

 

                     Annual payment for Water Lease agreement for Bijou Irrigation Company

 

ATTACHMENTS:

a.                     Resolution

b.                     Financial Commitments