Silver Lake Considers Long-Term Akron Water Contract

UTILITIES

Proposed 80-year water supply contract; water service expected to begin in 2028, with termination discussed for 2056

Proposed 80-year agreement aligned with the Stow-Akron agreement. Termination notice and a potential 2056 end date were discussed; if the income-tax collection mechanism ends, the parties would have six months to establish an equivalent payment formula, followed by a temporary rate arrangement if no agreement is reached.

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