- Associated Press - Thursday, July 16, 2015

MISSOULA, Mont. (AP) - A value for the water system supplying Missoula residents is being kept confidential as the city and company owners negotiate.

The Missoulian reports (https://bit.ly/1GozPVe) Judge Karen Townsend ruled the city has the right to buy the system from The Carlyle Group, which owns Mountain Water Co.

The company has appealed Townsend’s decision last month, and submitted a value for the system on Wednesday.

Townsend ordered both parties to keep discussions about value confidential.

Negotiations before the issue went to court had the utility estimating the water system’s value at about twice as much as rejected offers from the city of $50 million and $65 million.

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Information from: Missoulian, https://www.missoulian.com

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