May 1, 2024BoardMeeting
BoardCity Council Council Meeting
The council discussed and approved a purchase and sale agreement for long-term storage credits with the Tohono O'odham Nation to ensure future water security in preparation for potential Colorado River shortages. The agreement involves the purchase of 6,768 long-term storage credits at a total cost of approximately $2.97 million. Additionally, the council authorized a one-time budget amendment of up to $1.7 million to provide the necessary spending authority to complete the transaction, utilizing existing savings from the city's water supply budget and revenue generated from participation in a system conservation implementation agreement.