FACILITIESAPPROVED

Black Oak Mountain POA Agreement for Conveyance of Systems 2026

Ozarks Clean Water Company Assumes Black Oak Mountain Systems

$10.00 plus quarterly deposits to Rehab Account over 60 months (amount equal to rate differential)Town of Black OakOZARKS CLEAN WATER COMPANYJanuary 1, 2026

Trusted by teams at

Description

Ozarks Clean Water Company agrees to acquire and operate the Black Oak Mountain water and sewer systems, assuming responsibility for long-term maintenance and replacement. The company will fund a joint Rehab Account through quarterly deposits over 60 months and maintain a $150 flat monthly rate for local customers during that period before moving them to standard county rates.

Contract Details

Contract Amount

$10.00 plus quarterly deposits to Rehab Account over 60 months (amount equal to rate differential)

Vendor

OZARKS CLEAN WATER COMPANY

Agency

Town of Black Oak, AR

Contract Type

FACILITIES

Document Date

January 1, 2026

Contract Term

60 months following closing for rate and Rehab Account contribution obligations; certain covenants survive beyond as to Rehab Account use and right of first refusal

Renewal Info

This is a transfer and ongoing operations agreement with no explicit renewal clause. Key financial and rate obligations extend for 60 months post-closing, and restrictions on use and accounting of the Rehab Account continue as long as funds remain. Seller holds a perpetual first right of refusal if Buyer disposes of the systems.

Issuing Agency