Will Claremont be able to buy their water system?
The city of Claremont is beginning the next step in potential acquisition of its water system.
Mayor Larry Schroeder announced the decision after a closed session between the city council and consultants hired to determine costs associated with the acquisition. Up to $250,000 of general reserve funds was allocated to explore the possibility of purchasing the city’s water system. A utility consultant, appraiser and financial consultant were among hiring expenditures.
“As a result of those discussions the council has authorized the next step in the acquisition process,” Mr. Schroeder announced at Tuesday night’s city council meeting.
Claremont will give Golden State Water Company a formal notice of its decision to appraise as required by law. The estimated time to complete the appraisal will be 4 months.
More details in our new update.