- Associated Press - Thursday, July 7, 2016

LAS CRUCES, N.M. (AP) - Las Cruces city councilors are moving forward with plans to purchase the assets of a privately-owned water utility for more than $16 million.

The council’s action this week involved the condemnation of the Jornada Water Co.’s assets as part of the acquisition process.

The city’s utility board will consider recommending the issuance of revenue bonds to finance the purchase during a meeting later this month. Then, in August, the full council will vote on the bonds.

The sale would include all infrastructure and nearly 6,000 acre-feet of groundwater rights.

Parts of the utility’s system already meet city standards and include 20 well sites, several booster stations and storage tanks and about 90 miles of water lines.

The utility serves about 3,500 customers on the edges of Las Cruces.



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