Water and HOAs in the Desert Southwest
The leadership team at CAP Management recently attend the American Water Works Association’s Sustainable Water Management Conference here in Denver. Water in the Desert Southwest starts with the Colorado River Compact which in 1922 divided up 15 million Acre Feet of water annually from Colorado to California into an upper basin and a lower basin. The upper basin got 7.5 million acre feet including Wyoming, Utah, Colorado and New Mexico. The lower basin also got 7.5 million acre feet divided between California, Arizona and New Mexico. The lower basin was guaranteed its 7.5 million acre feet and the upper basin divided it’s water by percentages with Colorado getting more than 50%. Problem is we have been getting 12-13.5 million acre feet of water a year and by 2050 the water flow in the Colorado River is expected to drop 20-30%. Oddly enough as water has decreased the states have been able to divide up less and less water among themselves probably because the Secretary of the Interior can come in and mandate reductions and the states would rather work that out.
Please reach out to our Chief Sustainability Officer Brandon at brandon.tidwell@capmanagement.com
When meeting with new HOAs I often ask “what is your risk management plan.” Water is a big part of this. Fire is put out with water. Risks will change with a changing climate. Risk Management means being prepared to implement as things change, that’s the definition of Resiliency really. CAP Management will take your Reserve Study and work with you to create a guiding and actionable Community Plan going forward. This keeps HOA dues low by planning expenses and making sure those expenses have a pay off by reduced energy usage or lowering maintenance costs. We would love to meet with you, so please reach out to us!