In 1938, the Colorado-Big Thompson Project began as a $162 million project to deliver supplemental water from west of the Continental Divide to the eastern slope of the Rocky Mountains. The project delivers water to over 1 million people and over 600,000 irrigated acres of agricultural, municipal, domestic and industrial purposes. In February, 186 water units will be available to purchase in an auction.
The water units come from the Yoakum Family — 90 units — and the Carlson Family Trust — 96 units.
"Seldom do CB-T water units come on the market, and it is even more rare at public auction," said Scott Shuman, director of Hall and Hall Auctions. "I am frequently asked about the value of CB-T units, and this public auction will demonstrate the true price discovery of the market value."
The Yoakum Family units will be offered in 37 tracts and combinations on Feb. 14 at 10 a.m. at the Boulder County Fairgrounds Barn “A” in Longmont. The Carlson Family Trust units will be offered in 30 tracts and combinations on Feb. 28 at 10 a.m. at the Eaton Recreation Center in Eaton, CO.
The successful transfer of C-BT water units is subject to the Northern Water Conservancy Act and requires auction participants to apply and be approved by the Northern Water Board of Directors. Failure to get prior approval before bidding will put the bidder's earnest money at risk. Bidding on C-BT units without such prior approval is highly discouraged. To obtain approval to bid on C-BT units contact Sherri Rasmussen at 970-622-2217.
