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Residents and officials discuss $10 million valuation as county considers acquiring private water systems
Summary
Residents presented a $10 million valuation for two small water systems and urged the county to consider acquisition; county staff said Maryland Water Service’s stated $19.7 million price includes a $10 million goodwill component, prompting discussion of eminent domain, bonding and potential state/federal funding.
Grant Van Weingarten, a resident of the Bel Air community, told the commissioners the fair-market value of the Pinto and Highland Estate water and sewer systems is about $10,000,000, based on three valuation approaches he said are grounded in publicly filed company data.
"The estimated valuation represents a fair market value of approximately $10,000,000," Van Weingarten said, citing discounted cash flow, asset allocation and per-connection market comparables. He said similar county acquisitions nationwide have been financed…
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