From the Delta County Indpendent (Hank Lohmeyer):
Town Trustee Jimmie Boyd presented the board with the offer he had received for the Leon Lake shares. Boyd explained, “This last week I had a lady approach me with five shares of Leon Lake water for sale. She is asking $5,000 for the five shares, which figures out to a little bit less than $2,500 per acre-foot. That’s about the going rate. “This water,” Boyd continued, “has already been converted to domestic use or as augmentation water, as well as irrigation. The town has 85 shares of Leon Lake at this point, so this purchase would bring us up to 90 shares.” Boyd went on to explain that there are about 3,600 shares total in the Leon Lake water company. “The largest owner has about 225 shares,” Boyd said. “There about 160 owners in the company, so no one individual or owner interest would be hit real hard if some kind of work had to be done on the reservoir.” Leon Lake is located on the north side of Grand Mesa in the Plateau Creek drainage. Water is transported to Surface Creek Valley by a tunnel that was constructed decades ago.
More Surface Creek coverage here.