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Vermillion approves transfer of water service rights and electric territory swap to support new development
Summary
Council approved an agreement to buy service rights from Clay Rural Water for annexed Munger Tracts and approved a memorandum of understanding with Clay Union Electric to swap service territory so the city can serve a 34-unit Madison Park development; the water transfer includes a $2,400 payout and a 10-year tiered rate amendment for Clay Rural Water.
The Vermillion City Council on April 6 approved two utility actions aimed at supporting new residential development on annexed property.
Water rights: staff presented an agreement with Clay Rural Water Systems to transfer service rights for the recently annexed Munger Tracts 1—3. The purchase includes a one-time payout of $2,400 for the existing customer on the property, abandonment of obsolete on-site Clay Rural Water infrastructure at the city's expense, and amendments to the city's existing…
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