HomeMy WebLinkAboutCASH IN LIEU WATER RIGHTS CITY OF BOZEMAN
V 9x Bozeman, Montana
P C
t'r1,N Co.MPS
Date: May 21, 2004
CASH IN LIEU OF WATER RIGHTS
For a Commercial Property
Project Name: Baxter Meadows Phase 2A
Applicant Name: Williams Brothers Construction
Applicant Address: P.O. Box 11060
Bozeman, Montana 59719
Area: 5.390 acres
Zoning: B2
Water diversion requirements based on zoning
(some rounding in the following figures is indicated,but not used in the calculation of the final dollar amount)
234,788 sq. ft. X 22.57 gal/sq.ft. = 5,299,165 gallons per year use
= 16.263 acre-feet per year
Cash-in-lieu amount 16.263 ac-ft X $30.55 per ac-ft X 11.7668 =
TOTAL CASH-IN-LIEU AMOUNT: $5,846.15
NOTE: The value calculated for the cash-in-lieu amount is equal to the City's
expenses for an equivalent amount of water, on an annual basis,
drawn from Hyalite Reservoir. This expense is calculated on the
City's annual payments to the Middle Creek Water Users' Association
of$30.55 per acre-foot, at present-worth, based on the 40-year
rehabilitation loan @ 8.125%.
Street address:411 E.Main St. Phone: (406) 582-2300
Mailing address:P.O.Boa 1230 Fax: (406) 582-2344
Bozeman,Montana 59771-1230 TDD: (406) 582-2301