From The Longmont Times-Call (John Fryar):
On a 4-2 vote, a Longmont City Council majority on Tuesday night reduced the amount of water the city will contract to store in the Windy Gap Firming Project reservoir to be built in Larimer County.
Council members Polly Christensen, Marcia Martin, Joan Peck and Aren Rodriguez instead changed the city’s commitment to its share of the overall project expense to whatever would be needed to pay for Longmont’s storage of 8,000 acre-feet of water in the Chimney Hollow Reservoir, rather than the 10,000 acre-feet that a previous council majority had favored.
That smaller amount of Longmont water storage is expected to reduce the amount of bonds, if any, that the city would have to sell to help finance its share of the water storage.
It also is expected to reduce the amount of any additional water-rate increases — if any — that Longmont would have had to bill its customers to pay for the $36.3 million in bonds that Longmont voters in the 2017 election authorized the city to sell.
It would not, however, eliminate the 9 percent water-rate increase the previous council had already imposed for 2018, followed by another 9 percent increase in 2019.
Mayor Brian Bagley and Councilwoman Bonnie Finley dissented from the vote to reduce the amount of water that Longmont would have stored, and the resulting reduction in Longmont’s cost share for the reservoir project.