SUBJECT:
Title
A Resolution of the Town Council of the Town of Erie Approving the Twenty-Second 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
Department
DEPARTMENT: Utilities Finance
Presenter
PRESENTER(S): Todd Fessenden, Utilities Director
Pete Johnson, Water Counsel
end
Andrea Kehrl, Water Counsel
Time
Sara Hancock, Finance Director
TIME ESTIMATE: 30 minutes
end
For time estimate: please put 0 for Consent items.
Fiscal
FISCAL SUMMARY:
Cost as Recommended: $2,873,007
Balance Available: $2,359,496 + $550,000 transfer request
Fund Water Fund
Line Item Number: 500-75-110-603500-100007
Budget Transfer: $550,000 from 500-75-110-605000-257513
New Appropriation Required: No
Policy
POLICY ISSUES:
NISP is intended to provide a new water supply to meet part of the Town's anticipated future water demands, and it is an important project necessary to meet those demands. It also provides additional flexibility within the NCWCD system with Erie's CBT and Windy Gap Units.
Recommendation
STAFF RECOMMENDATION:
Approve the Resolution
Body
SUMMARY/KEY POINTS
* NISP is a key aspect of the Town's future water supply.
* NISP is not a Colorado River source and therefore adds redundancy and resiliency
* There are no alternative projects that can deliver the quantity and quality of NISP
BACKGROUND OF SUBJECT MATTER:
The Town of Erie 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 participatin...
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