From The Leadville Herald (Ryan Fitzmaurice):
The Lake County Board of County Commissioners officially established a water enterprise during a regular meeting on Tuesday, Jan. 3, allowing it to secure the county’s water deal with the Mount Massive Golf Course.
The two motions were pushed through Tuesday because it was Bruce Hix and Michael Bordogna’s last meeting as county commissioners, and there were worries about conflicts of interest related to the water enterprise for both incoming commissioners, Mark Glenn and Sarah Mudge.
The water enterprise serves as the legal mechanism from which the county can lease water to entities such as the golf course.
There are only two uses for which the county can lease water currently – to cover the evaporative loss of Hayden pond, and to help supply water the golf course.
Bordogna said the county expects there to be much greater use in the future due to further development in the county.
The county may return funds to the general fund from the enterprise, but may not take loans that are outside of current statutory loans to fund it.
The county will also be unable to levy taxes to create the water enterprise.