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Glendale approves sale of up to 50 acre-feet per year of long-term storage credits to Vi Resorts LLC
Summary
City council approved a 25-year base agreement (with two 10-year extension options) allowing Vi Resorts LLC to acquire up to 50 acre-feet per year of long-term storage credits; the resort will build and operate its own recovery well and the contract includes CPI escalation and termination language tied to changes in law or drought-stage limits.
The Glendale City Council on Sept. 9 approved an agreement allowing Vi Resorts LLC to acquire up to 50 acre-feet per year of long-term storage credits under a 25-year base term with two 10-year extension options. The council voted to authorize a purchase-and-sale agreement that staff said would let the resort install and operate its own well to recover the credits.
The item matters because the credits represent an ongoing supply of nonpotable recharged water tied to the city’s effluent program and the contract could run as long as 45 years if extensions are exercised. City staff said the full 45-year, 50-acre-feet-per-year scenario would total 2,250 acre-feet of credits; staff…
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