Colorado State Board of Land Commissioners Agenda Packet October 2023

Contract Amount

$50,000/year option payment (2023–2032); $5,000/month lease payment (starting 2032, increases 3%/year); additional payments for groundwater pumped as per existing lease (approx. $500/AF)

Vendor

RANGEVIEW METROPOLITAN DISTRICT

Agency

State Board of Land Commissioners (State Land Board), CO

Contract Type

OTHER

Document Date

October 12, 2023

Contract Term

Option: 2023–2032; Lease: begins 2032 and ends concurrent with 2014 Amended and Restated Lease

Renewal Info

Lease and option terms detailed; option can be voided by Rangeview ceasing payment. Lease term runs concurrently with the 2014 Amended and Restated Lease (specific end date not stated).