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Frederick approves purchase of 40 CBT water units and $340,000 budget amendment
Summary
The Town of Frederick approved Resolution 25-R-19 to buy 40 CBT units at $61,000 each (total $2.44 million) to advance storage and treated-water goals under its 10-year water plan and authorized a $340,000 2025 budget amendment to complete the purchase.
Town of Frederick trustees voted unanimously Feb. 11 to buy 40 Colorado-Big Thompson (CBT) water units at $61,000 per unit, approving Resolution 25-R-19 and a $340,000 amendment to the town’s 2025 water budget.
Sarah (town staff) told the board the purchase — $2,440,000 total — would bring the town closer to targets in its 10-year water resources plan and help fill leased storage in the Dry Creek reservoir. "If we do close on the 40 units, that means that we would only need another 40 units to meet that [plan]," Sarah said, noting the town already has roughly 1,300 acre-feet of Windy Gap storage and is aiming to reach 2,000 acre-feet so treated deliveries can begin.
Staff said market prices for CBT units have eased from prior highs and the offer on the table was among the better recent prices; the presenter said similar offers recently ranged $62,000–$63,000 and that the town previously bought units at about $70,000. The town plans to submit required Northern Water paperwork (temporary use permit and title checks) and expects Platte Valley Irrigation Company approval from the seller’s side before closing.
Trustees asked about how much water would be drawn from storage and how the units fit the water allocation policy. Sarah recommended turning over about 700 acre-feet annually to improve reservoir water quality and to begin taking treated delivery next year once storage targets are secured. The board approved the resolution by voice vote, 6-0.
Next steps: staff will complete documentation for Northern Water and move forward with closing if seller approvals are granted; trustees flagged that timing and title/permit approvals remain outstanding.
