What Are We Doing?
Opposing the hostile takeover of Liberty Apple Valley
Carl Coleman, PE, Blue Ribbon Water Committee Chairman
- At this time, the Town should NOT purchase any water companies presently serving the Town of Apple Valley. Based upon the BRWC’s investigation and financial analysis, currently a Town-owned water company is not financially feasible, because most methods of financing will require substantial increases in water costs and/or taxes. Moreover, most financing methods require voter approval, which is unlikely in the current depressed economy. For more information, see the financial Executive Summary submitted with this letter.
- Eminent domain acquisition of Apple Valley Ranchos or Golden State Water Company is not justified, because the price cannot be determined without costly litigation, and it could exceed $100 million solely for AVR.