The Cost of Obtaining Renewable Water

The cost of obtaining renewable water resources in the State of Colorado is rising at a rate of 10% or more each year. Obtaining a renewable water source is a complex and expensive process. In order to achieve our goals, partnerships must be developed early to share the costs of supplying water, transmitting it, storing it and treating it. Putting together the components, which include purchasing water rights and then going to court to get them adjudicated to the District, purchasing storage space for the renewable water, purchasing transmission services to get the water to Castle Pines North community, and building treatment facilities to treat and distribute the water, takes time and longterm planning. Having available funds in place to act when agreements are made is crucial. This can only be achieved with careful budgeting and building of financial reserves over years of operation. CPNMD has set in motion a plan to achieve this goal and is well on its way to completing the plan.