Water Storage Rights Expanded with EPCo Share Purchase
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Description
The Authority completed the purchase of 250 additional shares in Eagle Park Reservoir Company in 2023 for $1,651,575, expanding its water storage assets.
Contract Details
Contract Amount
$1,651,575
Vendor
EAGLE PARK RESERVOIR COMPANY
Agency
Eagle River Water and Sanitation District, CO
Contract Type
EQUIPMENT
Document Date
June 20, 2024
Contract Term
Purchase of 250 Class A, Series 2 shares in 2023 (ownership ongoing)
Renewal Info
Share purchase is perpetual until shares are sold; total investment now $10,050,048 in company stock.
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