From the Fort Lupton Press (Gene Sears):
Voting in the affirmative, Fort Lupton City Councilors approved the seventh in a series of payments for the Northern Integrated Supply Project Feb. 13. For 2012, the prorated portion for the city comes to $75,000, the amount necessary to retain a stake in the water supply project.
The overall 2012 price tag for NISP among all participants is $1.5 million for some 40,000 acre-feet, 3.000 of which is earmarked for the city upon completion. That amount is in addition to $10.8 million already spent by all participants on the project since inception, the majority of which centers around permitting preparations and cost.
Plagued by opposition from environmental groups such as Save The Poudre, final permitting and construction has repeatedly been pushed back until 2025 and possibly farther in the event of lawsuits, likely as the project gains ground.
While there are no guarantees that NISP will ever move past the planning stages, if the city dropped its payment schedule, any monies invested in the project thus far would be forfeited. For Fort Lupton, that total before the upcoming payment is approximately $825,000