From The Tri-Lakes Tribune (Lisa Collacott):
The water district has been working to acquire renewable water from the JV Ranch east of Fountain Creek and board members will decide at their Oct. 13 board meeting if they will finalize the purchase and the issuance of bonds to finance the purchase. If approved, the district expects to close on the purchase in late October or early November.
Jessie Shaffer, general manager for the water district, discussed the purchase and what impact it will have on water bills at two recent public meetings on Sept. 27 and 29. A third meeting is scheduled for Oct. 8.
The cost of the ranch’s decreed water rights, which is 3,500 acre-feet annually, is expected to cost between $25 and $31 million, dependent on the outcome of water court. Bonds will be used to finance the purchase of the ranch however that means an increase on customer’s water bills. They can expect to see a rate increase as early as January 2012…
Shaffer said the average residential customer pays $75.21 in the winter and $206.82 in the summer. In 2012 they can expect to pay $106.69 in the winter and $240.08 in the summer…
The next public meeting will take place at 8 a.m. Oct. 8 at the Mozaic Restaurant located at the Inn at Palmer Divide. The public is also welcome to attend the Woodmoor Water and Sanitation District’s board of directors meeting Oct. 13.
More Denver Basin aquifer system coverage here.