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History
Early water services to the area In July 2001, AMREP was given a 42% rate increase and negotiated a sale with a private company. The District responded by commissioning a financial analysis of the system and conducted a mailed survey, in which 58% of 900 responses from area residents said to proceed with acquisition by the District. In August 2002, a bond issue was presented to the voters, who approved it, permitting the District to purchase the water system. In January 2003, the Board approved the issuance of bonds, and in February, filed to condemn the system. In September of the following year (2004), a jury trial was held; the jury determined a purchase price of $11.047 million. As a result, the community of the Eldorado area now fully owns the water system as a public utility ("quasi-municipal") but bears the debt load for the purchase price.
Board actions since system acquisition
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