Forty‑year interim wholesale potable water supply agreement under which EPWater will deliver up to 694 gpm peak day through one or more master meters to serve 1,359 living unit equivalents in Phase I of Iron Pointe Municipal Utility District’s development. The District must design and construct an offsite water main extension across Montana Avenue, install SCADA‑equipped master metering and backflow prevention, and build out its internal distribution system.

Reasoning: Agenda item dated May 13, 2026 asks the Public Service Board to authorize the President/CEO to sign a 40‑year interim wholesale water supply contract with Iron Pointe MUD; Exhibit C memorandum (Apr 17, 2026) calculates the FY 2026‑27 wholesale rate and notes Phase 1 is expected to begin using water in 2028. Project value reasoning: Table 1 in Exhibit C states an indicated wholesale water cost of service of $1,362,529 for Iron Pointe MUD Phase 1; actual annual billings will vary with usage and annual rate updates. Inferred: Design and construction of the Montana Avenue main extension, on‑site distribution, SCADA, meters, and potential TLAP‑permitted wastewater plant create separate engineering, construction, and equipment opportunities not yet contracted.