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Alexander City reviews feasibility of taking over neighboring water authority; staff project modest net gain
Summary
City staff presented a feasibility study on acquiring a nearby water authority, estimating about $150,000 in upfront capital needs, roughly $40,000 annual maintenance and an approximate $100,000 net annual revenue gain; council asked for more detail on assets, billing and meter compatibility before deciding.
Alexander City councilors spent the bulk of their work session discussing a proposed acquisition of a neighboring water authority and a feasibility study prepared at the authority's request.
Drew, a city staff member, told the council the small authority has cash on hand and that the transition would require about $150,000 in immediate capital work — principally automating water towers and tank maintenance — and about $40,000 a year in ongoing maintenance. "We we don't think there's any way we will lose in this," Drew said, summarizing the city's conservative financial outlook.
Drew said the authority serves roughly 500…
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