Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Asset Acquisition topic
No spam. Unsubscribe anytime.
Greeley updating Neff Lake pipeline acquisition; one landowner withholding consent delays closing
Summary
City staff told the board that the Neff Lake pipeline acquisition is delayed because one landowner has not consented to transfer easement interests and due diligence flagged small Highland Lateral shares that need legal review.
Get email alerts on the Asset Acquisition topic
No spam. Unsubscribe anytime.
GREELEY, Colo. — The Water and Sewer Board received an update Aug. 20 on the city’s planned acquisition of rights and interests in the Neff Lake (Laramie River) pipeline easements. Staff reported that all but one landowner have consented to the transfer required for closing; one remaining owner is withholding consent and staff are working with the seller to resolve the holdout.
Director Sean Chambers briefed the board: Laramie River (the seller) “continues to work to try and incentivize the person to consent,” Chambers said. Staff described the outstanding issue as not materially justified by title or operations and said it is keeping the acquisition from closing.
Staff also reported that due diligence identified some small Highland Lateral shares that appear to provide storage in Neff Lake. Those shares have limited corporate records and may or may not be necessary to convey with the pipeline system depending on final engineering for conveyance into the Neff Lake pump station. Counsel and staff said they are running title and water‑law analyses to determine whether those shares must be acquired as an integrated component of the system.
Next steps: staff will enter an extension of the purchase agreement to allow additional time to resolve the consenting landowner issue and to complete title and legal work on the Highland Lateral shares. If resolved, staff anticipates closing later this year or early next cycle; no final closing date was set in the discussion.
Why it matters: the acquisition would convey easements and conveyance rights that affect raw-water conveyance into the Neff Lake pump station and the city’s ability to integrate those facilities into its Zone 4 and western conveyance plans.
Quote: “This is a very complicated deal with all of the different, parties that had an interest in the easements,” Sean Chambers said. “To Laramie River’s credit, they have worked expeditiously to clean up a whole slew of title issues. And this one is kind of outstanding.”
