Sponsor
Alderman Hart
Title
STURTEVANT WATER UTILITY ACQUISITION
RESOLVED, that the City of Racine, in conjunction with the Racine Water Utility, acquire the Village of Sturtevant water system under the terms and conditions as negotiated, and that the City, through the Racine Water Utility, provide water to the Village of Sturtevant on a retail basis.
FURTHER RESOLVED, that the Mayor and City Clerk be authorized and directed to enter into a three-party Water Utility Purchase Agreement, among the Village of Sturtevant, the City of Racine, and the Racine Water Utility, and an Intergovernmental Retail Water Service Agreement among the same parties.
FISCAL NOTE: The purchase price to be paid by the Utility is approximately $1,400,000 to be adjusted by transition costs and capital project costs, and the Utility will receive revenues from Village customers on the same retail basis as paid under the Village of Mt. Pleasant retail agreement.