What happens if we do not create a Water District?
The water company will be sold to another private water company such as EPCOR. These companies fall under the control of the Arizona Corporation Commission (ACC),
The water company will be sold to another private water company such as EPCOR. These companies fall under the control of the Arizona Corporation Commission (ACC),
A Water Infrastructure Financing Authority (WIFA) loan through the State of Arizona was approved in June 2021 to purchase SWC and provide some reserves for the “what if’s” or unplanned repairs.
The current owners no longer live in Arizona and wish to simplify their lives by reducing their business holdings. They have offered to sell to a local water district. The asking price is $2.7M.