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state-board-of-land-commissioners-agenda-dowd-junction-annexation-water-lease-oct-12-2023_c90.md

State Board Approves ECCV Water Lease Option with Rangeview

$50,000 per year (2023-2032) option payment; $5,000/month starting 2032 (increases 3% per year); plus water payments per lease terms (~$500/AF); up to 4,000 AF/yearState Board of Land Commissioners (State Land Board)RANGEVIEW METROPOLITAN DISTRICTOctober 12, 2023

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Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
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Veritone logo
TerraCycle logo
Cyvl logo
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Description

The Colorado State Land Board approved an option and lease agreement with Rangeview Metropolitan District for the ECCV Lowry Ranch Water System, including annual option payments through 2032 and a long-term lease thereafter. The agreement secures State Land Board revenue and ongoing water service operations. Lease terms include substantial infrastructure and water royalty payments.

Contract Details

Contract Amount

$50,000 per year (2023-2032) option payment; $5,000/month starting 2032 (increases 3% per year); plus water payments per lease terms (~$500/AF); up to 4,000 AF/year

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, ends concurrently with 2014 Amended and Restated Lease

Renewal Date

2032-12-31

Renewal Info

Option agreement may be voided by Rangeview prior to 2032; lease term runs concurrently with 2014 Amended and Restated Lease.

More from RANGEVIEW METROPOLITAN DISTRICT

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Rangeview Metropolitan District Water and Wastewater Tap Purchase Agreement

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colorado_state_land_board_public_meeting_agenda_oc.pdf

pending
State Board of Land Commissioners (State Land Board) (Colorado)$50,000October 12, 2023

Colorado State Land Board Agenda Packet October 2023

APPROVED
State Board of Land Commissioners (State Land Board) (Colorado)$50,000 per year (2023-2032); $5,000/month after 2032 (increasing 3% annually); Water royalty per existing lease; 4,000 AF/yearOctober 12, 2023

Colorado State Board of Land Commissioners Agenda Packet October 2023

APPROVED
State Board of Land Commissioners (State Land Board) (Colorado)$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)October 12, 2023

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