From The Pueblo Chieftain (Chris Woodka):
A copy of a contract being offered by the Woodmoor Water and Sanitation District revealed the offer. Woodmoor is seeking to buy shares of the High Line and Holbrook canals, which primarily serve farmers in Otero County. The Woodmoor district is on the northern El Paso County line, east of Interstate 25. It serves 8,400 customers and some of the homes in the district drain into the South Platte basin.
It’s not known how many contract offers have been made, who has accepted or what prices are being offered on the Holbrook Canal. The contract provides a diligence period of four months with the possibility of extension. The price reflects the potential difficulty of moving water from the Arkansas Valley. Bessemer Ditch shares last year sold to the Pueblo Board of Water Works for $10,150 each. A share on the Bessemer historically irrigated 1 acre. Further down the river, on the Fort Lyon and Amity canals, shares have sold to municipal or industrial interests for a less than $2,500 per acre in recent years. High Line sold water to Aurora and Colorado Springs on a temporary lease agreement for $500 per acre in 2004-05.
The district filed for an exchange decree on potential Lower Arkansas Valley water rights on Dec. 30 in Division 2 Water Court. The move would allow Woodmoor to take water by exchange up reservoirs, both existing and planned, on the Arkansas River and Fountain Creek. On Wednesday, the Lower Arkansas Valley Water Conservancy District board voted unanimously to oppose the water court application.
More Arkansas Basin coverage here.