Resolution # 139 (Series of 2017) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO, DIRECTING THE CITY MANAGER TO PROCEED WITH THE PURCHASE THE WOODY CREEK PARCEL ON BEHALF OF THE CITY OF ASPEN, COLORADO AS OUTLINED BELOW FOR DEVELOPMENT AS A COMPONENT OF ITS INTEGRATED WATER SUPPLY SYSTEM. Whereas, the City, as a municipal water provider, must plan responsibly for the future water needs of its customers, and must develop and maintain a legal, reliable water supply to meet those demands; and Whereas, in recent years, development of the City’s water rights and supplies has been informed by consideration of the impacts of global climate change, which is expected to affect the timing and availability of water supplies as well as both timing and amount of anticipated water demands; and Whereas, water storage rights and facilities are important components of the City’s long-range water supply planning; and Whereas, the City has determined that it is responsible and prudent to maintain and develop existing conditional storage rights and to develop water storage facilities and related infrastructure; and Whereas, the City and its consultant, Deere and Ault have identified a property located in the Woody Creek area of Pitkin County described as “Pitkin County Parcels known as R003161 and R015286” (hereinafter the “Woody Creek Parcel”) as a high value property for water storage; and Whereas, the City strives to be a leader in planning for and developing innovative strategies for maintaining safe and reliable water supplies for a vibrant community while balancing the needs of its surrounding natural environment, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO, That the City Council of the City of Aspen does hereby authorize the City Manager to complete due diligence regarding the purchase of the Woody Creek Parcel, and, if appropriate following the completion of all investigation of the parcel, to execute all documents required and necessary to purchase the Woody Creek Parcel, and directs staff to proceed with plans to develop the Woody Creek parcel for water storage as one component of its integrated water supply system. INTRODUCED, READ AND ADOPTED by the City Council of the City of Aspen on the 23rd day of October 2017. Steven Skadron, Mayor I, Linda Manning, duly appointed and acting City Clerk do certify that the foregoing is a true and accurate copy of that resolution adopted by the City Council of the City of Aspen, Colorado, at a meeting held, October 23, 2017. Linda Manning, City Clerk