From The Durango Herald (Dale Rodebaugh):
“We’re very pleased and grateful that the community rallied behind the proposition,” City Manager Ron LeBlanc said Tuesday. “Generations to come will benefit from this action.”[…]
The city is counting on borrowing money from the Colorado Water Resources and Power Development Authority at 1.95 percent. Over 20 years, the loan will cost almost $5 million.
City officials say additional water is needed to satisfy demand at peak periods and to prepare for population growth. In the short term, officials want to have more water available than the 60 million gallons they can store now – a seven-day supply. During peak season, daily use is 9.5 million gallons.
With the acquisition of 3,800 acre-feet of water from the Animas-La Plata Project, the city would have about 680 million gallons available.
More Animas River watershed coverage here.