From the Tri-Lakes Tribune (Bryan Grossman):
A well is being drilled at the Santa Fe trail head off of Highway 105 in Monument. The well is being constructed after the town declared an emergency because Monument Well No. 7 stopped pumping several weeks ago. The former well was inspected and it was found that the casing had deteriorated. Monument Well No. 7 was critical because it was the only well that could pump directly to the water tank, according to a town statement. The new well is estimated to cost a half million dollars and funds will come from available capital accounts and contingincies, according to the statement.
More Coyote Gulch infrastructure coverage here.