Fountain is locking in a long-term water play, approving a 50-year lease that pulls treated groundwater from wells at historic Venetucci Farm into the city system and clears room for roughly 2,000 new home taps. City officials say the supply will be phased in over the next several years so the utility can add development without immediately triggering expensive system upgrades.
Council Signs 50-Year Lease
The City Council signed off on a 50-year agreement with the Security Water and Sanitation District that runs through 2076 and enlarges Fountain’s share of the Venetucci wellfield, according to the Colorado Springs Gazette. The Gazette reports that Fountain’s portion of the wellfield is expected to climb to about 38.6% by 2030, shifting more of the…..