Tag Archives: water rates

Revised water treatment plant lease revealed

Average water rates would rise a projected 5 percent annually for the next decade under a new long-term lease agreement of the city’s water treatment plant.

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5 things to know about proposed water deal

City Council is scheduled to hold a public hearing and final approval tonight on a new 20-year lease agreement for the city’s water treatment plant and a $14-million bond ordinance to borrow against an annual concession fee in the deal. UPDATED: Tonight’s meeting has been canceled. A combined conference/regular meeting has been scheduled for Nov. 21.

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Council tables water deal until state review

City Council last night tabled three ordinances related to a new 20-year water lease agreement for the city’s water treatment plan, pending review and approval by the state Local Finance Board.

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City in negotiations on new water deal

With three years still remaining on an existing 20-year deal, the city is negotiating a new 20-year lease of the water system that this time is expected to include a $13-million concession fee from the operator.

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