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FACILITIESAPPROVED

Colorado State Land Board Agenda Packet October 2023

Rangeview Metro District wins ECCV Lowry Ranch Water lease

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

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Description

The Colorado State Land Board approved an option and groundwater lease agreement with Rangeview Metropolitan District to manage the ECCV Lowry Ranch Water System in Arapahoe County. Rangeview will pay annual and monthly infrastructure and water usage fees, with the lease term extending from 2032 onward per the Board's approval.

Contract Details

Contract Amount

$50,000 per year (2023-2032); $5,000/month after 2032 (increasing 3% annually); Water royalty per existing lease; 4,000 AF/year

Vendor

RANGEVIEW METROPOLITAN DISTRICT

Agency

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

Contract Type

FACILITIES

Document Date

October 12, 2023

Contract Term

Option: 2023–2032; Lease: From 2032, concurrent with 2014 lease (end date not specified)

Renewal Info

Option period runs 2023–2032 ($50,000/year); lease commences 2032 with $5,000/month rent increasing 3% annually, and royalties per prior amended lease. Lease is to run concurrently with the 2014 Amended and Restated Lease; duration end date not specified.

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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

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

APPROVED
State Board of Land Commissioners (State Land Board) (Colorado)$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/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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