To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Mark Marlowe, P.E., Director of Castle Rock Water
Lauren Moore, Water Resources Manager
Zuzana Howard, Water Resources Program Analyst
Title
Resolution Approving an Agricultural Lease Agreement Between the Town of Castle Rock and Sublette, Inc. [Weld County, Colorado)
Body
________________________________________________________________________________
Executive Summary
Castle Rock Water is seeking Town Council approval of a resolution (Attachment A) for an Agricultural Lease with Sublette, Inc. (Sublette) for the Town’s Rothe Property in Weld County. Sublette, an adjacent landowner, has leased the property for the past eleven years and is interested in renewing their lease on the Rothe Property. Over the past eleven years, Sublette has used part of the property for growing crops, establishing dry-land with a native seed mixture, as well as hunting. Sublette has expressed interest in renewing the lease with similar terms. Since the most recent lease was entered into in 2022, the lease rate has been increased by 14.64% to account for the Consumer Price Index (CPI-U) increases over the past 4 years.
Staff Recommendation
Staff recommends approval of the one-year Agricultural Lease Agreement with Sublette, Inc. which will generate a revenue of $7,137 annually.
Proposed Motion
“I move to approve the Resolution as introduced by title.”
Attachments
Attachment A: Resolution
Exhibit 1: Lease Agreement
Attachment B: Location Map