Welcome Visitor
Today is Thursday, March 30, 2017

Utility buyout finalized

Related Articles
  Email   Print
Photo by Hank Lohmeyer Water Users' General Manager Dan Hawkins signs ownership transfer documents as other officials look on last Thursday at the Cedaredge Town Board meeting room.

An agreement that brought good drinking water to undeveloped areas of the county and that dates generations came to an official end on Thursday, Feb. 23.

The Town of Cedaredge and Upper Surface Creek Domestic Water Users Association (USC) closed on the final paperwork separating the two water providers from the cooperative operating agreements that once linked them.

Paperwork was signed and Cedaredge Mayor Gene Welch handed USC Board President Gerald Figueroa an envelope containing a check for $175,000 that buys out USC's last 20 percent ownership interest in the Cedaredge water collection and treatment system.

For over a decade, USC has treated water for its own customers in Upper Surface Creek, Cedar Mesa and Redlands Mesa with its own facilities, an operational independence that made the former operating agreement obsolete.

But USC still had investments in the town's water collection and treatment utility that its member/owners wanted to recoup for their private water company.

Discussions on a final separation -- legal and financial -- led to the courtroom where mediation brought about the $175,000 buyout deal that was consummated last week.

USC and the town still maintain a cross connection between their systems to provide for mutual aid in event of an emergency.

Read more from:
Surface Creek
Tags: 
Cedaredge, Upper Surface Creek Domestic Water User's Assoc.
Share: 
  Email   Print
Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: