The Pueblo Board of Water Works lease is for a five year period to allow Two Rivers to invest in modernizing its farms and upgrade the condition of the reservoirs.
The administrative approval follows an application filed in the Water Court by Two Rivers in December 2011 to capture high river flows during the spring runoff to make it available for farming later in the summer.
The lease period will also provide an opportunity to collaborate with other regional water purveyors by establishing the validity of the exchange.
Two Rivers Water Company acquires and develops high yield irrigated farmland and the associated water rights in the western US.
