From The Pueblo Chieftain (Chris Woodka):
Woodmoor, located north of Colorado Springs on the Douglas-El Paso county line, has approved spending almost $10 million this year for the purchase of water rights on the High Line, Excelsior and Holbrook ditch systems east of Pueblo. On Monday, its board approved spending another $1.7 million to buy 931.7 shares of the Holbrook Canal, about 5.8 percent of the ditch. Each share irrigates an acre. “We expect the yield to be about 800 acre-feet annually,” [Jessie Shaffer, manager of the district] said.
Earlier this year, the Woodmoor board voted to buy 47.8 shares of the High Line Canal, roughly 2 percent of the ditch. Each share irrigates 10 acres. The cost was a little more than $2 million, with an expected yield of about 700 acre-feet. The board also voted to buy part of the Stonewall Springs reservoir site and 771 shares of the Excelsior Ditch in Pueblo County for $5.85 million. That is expected to yield 380 acre-feet. “If everything goes through, we would be right at $10 million in assets,” Shaffer said. That works out to about $3,000 for each of the 3,300 taps in the district. Water users now pay a base fee of $6.81, with charges from $4.91 to $14.18 per gallon on a tiered scale that charges more per gallon as more water is used.
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