From The Broomfield Enterprise (Jennifer Rios):
The final nod was received by Northern Water last week, following earlier approvals by Broomfield and Larimer counties.
The agreement includes Broomfield buying 115 Colorado-Big Thompson water units for $25,550 each from Larimer, which would save Broomfield $109,250 if bought at open-market value.
It also includes an “Alternate Transfer Mechanism,” or ATM, that would give Broomfield the right to use 80 C-BT units a minimum of three out of 10 years, while paying an additional fee to use the water in those years to add to the farm’s viability.
The effort is a drought-protection effort that could be increased to five out of 10 years in extreme drought years. That period would be a rolling 10 years, meaning once Broomfield pulls water, the clock starts…
The ATM is the first of its kind in Colorado where water is shared from agricultural to municipal use in perpetuity.
“By piloting this agreement, we’ve demonstrated that, by working together and sharing valuable resources, it’s possible to conserve fast-disappearing farmland at a reduced cost while securing a source of water for Colorado’s growing cities,” Kerri Rollins, Open Lands Program manager for Larimer County, said in a Larimer Department of Natural Resources news release this week. “Hopefully, this creates a model for farmers and municipalities to work together and avoid simple ‘buy and dry’ of farmland.”
Through the agreement, Larimer County was able to conserve 211 acres of productive farmland, along with the farm’s agricultural, historic, scenic, community buffer and educational values, the release states, while reducing the cost of buying the farm and its water by 46 percent.
“Broomfield values a partnership approach to both water conservation and securing future water resources,” David Allen, director of Public Works for Broomfield, said. “We were pleased to work with Larimer County to bring this innovative Alternative Transfer Method to both of our communities.”
Larimer County retained 45 units of C-BT water unencumbered, along with native Handy Ditch water.
According to studies funded by the Colorado Water Conservation Board’s Alternative Agricultural Water Transfer Methods Grant Program, the water that will remain on the farm will be enough to keep it profitable and productive, according to the release. It will grow corn or sugar beets in wet years and water-efficient crops in dry years. In very dry years, when the farm might normally struggle to grow a profitable crop, the farm may now be better off financially with the ATM in place because it will bring in revenue from the ATM payment associated with the sharing of the water, the release states.