8:50am

Fri March 18, 2011
Business

Auction Offers Opportunity for Northern Colorado Farmers, Municipalities

A water leasing auction will take place this afternoon in Northern Colorado. The extra availability of the resource is something water managers are calling “celebratory.”

The board of directors at Northern Colorado Water Conservancy District approved a plan to lease extra unused water six years ago. But drought prevented the district--which delivers water to parts of Boulder, Larimer and Weld counties--from following through on the plan until last year.

“This is the only the second time we’ve had enough water in Colorado Big Thompson Project reserves to go ahead and do this project again,” said Dana Strongin, spokesperson for the District.

The Regional Pool Program will lease 15,000 unused acre feet of water to farmers and municipalities on a seasonal basis. The floor bidding price for one acre foot of water starts at $9.32.

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