Hi-Country Estates Homeowners Association v. Bagley & Co.

OPINION

JACKSON, Judge:

Hi-Country Estates Homeowners Association (Homeowners Association) seeks reversal of the district court’s order of reimbursement requiring it to pay $98,500 to Foothills Water Company, and reversal of the district court’s ruling that the 1977 Well Lease and Water Line Extension Agreement remains a valid encumbrance upon the subject water system. We reverse the district court’s order of reimbursement, remanding to the court to determine the value of the improvements to the water system from 1974 to 1985 and the taxes paid by Foothills Water Company during this period. We…