IPU to Lease 300 AF of Basin Rights from LPVCWD
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Description
Industry Public Utilities is set to lease 300 acre-feet of Main San Gabriel Basin groundwater production rights from La Puente Valley County Water District for $296,751 during the 2025-26 water year. The lease price at 91% of the replenishment rate will save approximately $29,349 compared to purchasing replenishment water outright.
Contract Details
Contract Amount
$296,751
Vendor
LA PUENTE VALLEY COUNTY WATER DISTRICT
Agency
La Puente Valley County Water Dist, CA
Contract Type
FINANCIAL_SERVICES
Document Date
April 25, 2026
Contract Term
July 1, 2025 – June 30, 2026
Renewal Date
2026-06-30
Renewal Info
Single-year lease for the 2025-26 water year with a reconciling adjustment if the Pre-purchased Supplemental Water Rate changes before June 30, 2026. The agreement does not include automatic renewal, but similar leases may be negotiated in future years.
More from LA PUENTE VALLEY COUNTY WATER DISTRICT
More from La Puente Valley County Water Dist
La Puente Valley County Water District Board Minutes April 2026
La Puente Valley County Water District Board Minutes April 2026
La Puente Valley County Water District Board Minutes April 2026
La Puente Valley County Water District Board Minutes April 2026
La Puente Valley County Water District Board Minutes April 2026
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