Description
The City of Socorro is leasing 180.3674 acre‑feet of consumptive‑use water rights on a five‑year, recallable basis. Bids must meet a minimum price of $280 per acre (approximately $134 per acre‑foot) and include a $900 administration fee for the successful bidder. Preference will be given to job‑producing, agricultural, and non‑agricultural uses, evaluated by geographic scope. All leases require State Engineer approval, and the City reserves the right to reject all bids.
• Lease term: 5 years, recallable at any time
• Minimum bid: $280 per acre (≈ $134 per acre‑foot)
• Administration fee: $900 per successful bidder
• Preference hierarchy: job‑producing → agricultural → non‑agricultural (by location)
• Submission deadline: Dec 13, 2024 4:30 p.m.; bids in‑person or mailed