CAP Recommends $112.5 Million Harquahala Water Rights Purchase
Central Arizona Water Conservation District | State of ArizonaState · Phoenix, AZ- Disclosed value
- $112,500,000 purchase price; $250,000 earnest money; $72,250,000 due at closing, including the earnest money; $40,000,000 plus 8% annual interest due within 90 days after closing
- From agendapacket
- Document date
- May 7, 2026
- Renews
- Free account
The 30-second brief
The Central Arizona Water Conservation District is considering approval of a $112.5 million purchase and sale agreement with Harquahala Valley Landowners, LLC for a one-acre lot and associated groundwater rights. The acquisition would provide 5,000 acre-feet per year for at least 100 years, with closing targeted for November 15, 2026, subject to groundwater transportation permit approval.
Harquahala Valley Landowners LLC holds this contract with Central Arizona Water Conservation District | State of Arizona.
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Contract details
- Amount
- $112,500,000 purchase price; $250,000 earnest money; $72,250,000 due at closing, including the earnest money; $40,000,000 plus 8% annual interest due within 90 days after closing
- Document date
- May 7, 2026
- Term
- Investigation period through August 15, 2026; closing scheduled for November 15, 2026, or 15 days after satisfaction or waiver of the groundwater transportation condition; groundwater allocation of 5,000 acre-feet per year for at least 100 years
- Renews
- On record
- Source document
- Central Arizona Water Conservation District AgendaPacket Colorado River Discussions And Water Supply Projects 2026-05-07 (AgendaPacket)
Harquahala Valley Landowners LLC's other public contracts
More Central Arizona Water Conservation District | State of Arizona contracts
Questions about this contract
Who was awarded the government contract by Central Arizona Water Conservation District | State of Arizona?
Harquahala Valley Landowners LLC was awarded this government contract by Central Arizona Water Conservation District | State of Arizona, as recorded on May 7, 2026. The contract value is $112,500,000 purchase price; $250,000 earnest money; $72,250,000 due at closing, including the earnest money; $40,000,000 plus 8% annual interest due within 90 days after closing.
How much is the Harquahala Valley Landowners LLC contract with Central Arizona Water Conservation District | State of Arizona worth?
The Harquahala Valley Landowners LLC contract with Central Arizona Water Conservation District | State of Arizona is valued at $112,500,000 purchase price; $250,000 earnest money; $72,250,000 due at closing, including the earnest money; $40,000,000 plus 8% annual interest due within 90 days after closing.
What type of contract is this?
This is a government contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Central Arizona Water Conservation District AgendaPacket Colorado River Discussions And Water Supply Projects 2026-05-07 (AgendaPacket), dated May 7, 2026 from Central Arizona Water Conservation District | State of Arizona. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Harquahala Valley Landowners LLC hold?
Harquahala Valley Landowners LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Central Arizona Water Conservation District | State of Arizona currently buying?
Explore Central Arizona Water Conservation District | State of Arizona's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.