Title
A Resolution Approving and Authorizing the Chief Executive Officer of Colorado Springs Utilities to Enter Into a Long-term Water Treatment Contract between the Fountain Valley Authority and the City of Colorado Springs, the City of Fountain, Security Water District, Stratmoor Hills Water District, and Widefield Water and Sanitation District
Presenter:
Travas Deal, Chief Executive Officer, Colorado Springs Utilities
Body
Summary:
Colorado Springs Utilities is a member of the Fountain Valley Authority ("FVA") along with the City of Fountain, Security Water District, Stratmoor Hills Water District, and Widefield Water and Sanitation District (the "FVA Participants"). FVA was organized for the repayment of the costs for construction and operation and maintenance of the Fountain Valley Conduit ("FVC"), and to construct and operate a water treatment plant for the benefit of the FVA Participants. FVA has provided water treatment services to the FVA Participants under a November 1, 1979 Water Treatment Contract ("1979 Contract"), which has expired. The FVA Participants have negotiated and agreed on a new contract for water treatment by FVA ("2023 Contract"). The 2023 Contract also allows for reverse flow to FVA from Colorado Springs Utilities' water system in the event of an outage of the water treatment plant. Colorado Springs Utilities requests that City Council approve the attached resolution approving and authorizing the Chief Executive Officer to execute the 2023 Contract.
Background:
N/A
Previous Council Action:
City Council approved the contract establishing FVA, and a contract between FVA, the FVA Participants and the Southeastern Colorado Water Conservancy District providing for delivery of water through the FVC via Ordinance No. 79-112. City Council approved the 1979 Contract and an amendment to the agreement establishing FVA via Ordinance No. 79-184.
Financial Implications:
Colorado Springs Utilities will pay rates established by ...
Click here for full text