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City approves amended Well 4 lease with Eden Springs extending term to 2081
Summary
The council approved an amended and extended Well Lease and Easement Agreement with Eden Springs for Well 4, extending the lease term from a 2031 expiration to 2081 and establishing an annual payment tied to prior-year water bills (water portion only).
Attorney Dan Cox and PWD Green presented an amended and extended Well Lease and Easement Agreement between the city and owners of Eden Springs related to Well 4. Cox said the current lease expires in 2031 and the new agreement will expire in 2081. Under the agreement the city will calculate prior-year water bills each Oct. 1 and pay Eden Springs that amount for the upcoming fiscal year; Cox stressed only the water portion is considered, not sewer or PST.
Council approved the lease agreement; PWD Green was tasked with presenting the agreement to Eden Springs for review. No vote tally beyond the recorded approval was included in the minutes other than council acceptance of the item.
The agreement changes long-term rights and payment timing tied to water usage; staff will follow up with Eden Springs for execution and implement the payment procedure described at the meeting.
