From The Pueblo Chieftain (Chris Woodka):
The sale for $30.48 million would transfer ownership of the ditch 13 miles north of Leadville to Ginn Development for use in its Battle Mountain development near Minturn. The sale won’t be complete for more than two months, however, since Aurora has the opportunity to match terms of the contract within the next 60 days under a 1997 agreement with the Pueblo water board. “We haven’t seen the contract, so I don’t know what we’ll do,” said Mark Pifher, director of Aurora water.
There are still conditions that must be met, including the approval of the Pueblo City Council of the sale of a water right. The water board must also complete its contracts to buy 5,000 shares of the Bessemer Irrigating Ditch Co., or about one-quarter of the ditch that flows from Pueblo Dam through Pueblo and irrigates farms on the St. Charles Mesa. The Columbine contract also provides for continued, limited use of the Columbine Ditch during drought years during the next 25 years. The water board would be able to use up to 250 acre-feet in two of every 10 years. The ditch would otherwise yield 1,300 acre-feet per year. The Bessemer shares could yield as much as 7,500 acre-feet per year.