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Pueblo West staff outline proposed purchase of reserve land and water shares; residents ask for community input
Summary
District staff described a proposed purchase of roughly 504 acres and 52 paired water shares for $360,000, saying the acquisition would prevent development unsupported by firm water yield; nearby residents asked for consultation and assurances about future access and use.
PUEBLO WEST — Staff told the board April 14 they had negotiated terms to buy approximately 504 acres of undeveloped land in the Reserve and 52 paired shares of Colorado Canal/Lake Meredith water for a combined purchase price of $360,000, with $340,000 expected from the water enterprise and $20,000 from the general fund.
Deputy directors said the water shares do not provide firm yield (the reliable water the state counts for new development) and that average yields for the…
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