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Fish Springs Ranch LLC

Carson City, NV: (Jun-05-07) The Pyramid Lake Paiute Tribe brought charges against Fish Springs Ranch LLC, a subsidiary of Vidler Water Company and PICO Holdings, Inc., objecting the Fish Spring's water importation project of up to 8,000 acre-feet of groundwater per year from the Fish Springs Ranch to the northern Reno area. The tribe claimed that it would suffer negative impact if and when additional groundwater in excess of 8,000 acre-feet per year up to 13,000 acre-feet per year is exported from Fish Springs Ranch to the northern Reno area.

In a settlement reached, Fish Springs agreed to make a payment of $500,000 and the deeding of approximately 6,214 acres of real estate in Nevada with a market value of approximately $500,000; a payment of $3.1 million on January 8, 2008 and a payment of $3.6 million on the later of January 8, 2009 or the date an Act of Congress ratifies the agreement and direction to the Secretary of the Interior to sign the agreement as required under the Act of Congress.

In addition, in exchange for the Tribe's agreement not to oppose all permitting activities with respect to pumping and importation of groundwater in excess of 8,000 acre-feet per year up to 13,000 acre-feet per year, Fish Springs Ranch agrees that it shall pay the Tribe 12% of the gross sales price for each acre-foot of any additional water that Fish Springs Ranch ultimately sells in excess of 8,000 acre-feet per year. [DIGITAL 50: WATER IMPORTS]


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Published on Jun-6-07


READER COMMENTS

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That water is also drawn from the Honey Lake aquifer in Lassen County California and has forced many folks here (Herlong and Doyle) to deepen or redrill their wells. Bob Beckett is our local well driller and knows a lot about the land and geology here.

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