Residents on the Glenmore Ellison Improvement District (GEID) water system will soon become City of 麻豆精选 customers.
The parties have signed a transition agreement to transfer operation of the GEID to the city over the next three years.
鈥淕EID is in a strong financial position and over the past several years we have completed all major capital projects required to deliver high-quality drinking and agricultural water,鈥� said Steven Bonn, GEID board chair.
The city and GEID have completed a financial and asset audit to ensure 麻豆精选 ratepayers do not take on any undue risk.
GEID will run as a separate business unit within the city for the next three years to allow time for the transition.
鈥淥ur goal is to create a model for orderly transitions that can be used by other improvement districts and local governments around the province,鈥� said Mayor Tom Dyas.
According to a City of 麻豆精选 news release, the benefits of unifying the systems include:
- improved supply and resiliency through better interconnectivity and integration of operations;
- more effective and efficient emergency response across both systems, especially with a larger pool of trained water operators;
- ability to better coordinate city infrastructure projects including water, road, sewer, and stormwater projects.
GEID ratepayers will have access to provincial grants for major capital projects along with lower interest rates through the Municipal Finance Authority. The next step is for the province to consider an Order in Council and share information with ratepayers.
More information on water utilities is available on the City of 麻豆精选 website.
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