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Pitkin County approves purchase of Twin Lakes shares to bolster Roaring Fork flows
Summary
The county voted Jan. 28 to buy 60 Twin Lakes Reservoir shares and 34 Fountain Mutual shares for a combined $6.5 million, financing the deal through the Healthy Rivers and Streams fund with interim general‑fund bridge and bond reimbursement. The board endorsed the purchase and a related reimbursement resolution.
Pitkin County commissioners voted unanimously Jan. 28 to pursue a negotiated purchase of water rights on the Eastern Slope, approving an ordinance to acquire 60 shares in the Twin Lakes Reservoir and Canal Company and 34 shares in the Fountain Mutual Irrigation Company for a combined purchase price of $6,500,000 plus a 5% commission.
County staff told the board the Twin Lakes shares are expected to yield roughly 45 acre‑feet per year and carry a 1930 priority date. According to Adam of Westwater Research, the…
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