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Colorado City resident Dave Houghton posed a number of questions related to leases of return flow water credits and the recently failed marijuana excise tax initiative during the public input phase of the board meeting held Tuesday evening, March 14, 2017. Houghton’s questions were answered by Director David Valdez during the new business portion of the board’s agenda.
Colorado City Metropolitan District has a twenty-year lease with marijuana grower Strawberry Fields for the use of between 385 and 500 acre feet of return flow water, water that has been treated by the district and returned to Greenhorn Creek, that will generate approximately $4,000 monthly. Valdez informed the audience, “While the term of the agreement is twenty years, it can be terminated by either party with thirty days notice.” Strawberry Fields covered the cost of legal representation while the agreement was developed. He went on to express the hope that income derived from the lease could be used to establish a capital improvement fund for the district’s water enterprise.
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