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Council hears update that most of $400,000 paid for excess water is expected to be recovered
Summary
In committee reports staff told the council the city previously paid $400,000 to secure an option on water from UC Davis and has since sold excess water to a Central Valley water district; staff said the sale involved different water allocations and final accounting is pending but most funds appear recoverable.
During committee reports Mayor Mary Young and staff updated the council on a prior water‑rights transaction. The city paid about $400,000 to secure purchase rights on water from UC Davis some years ago; that water was not used and staff reported the city later sold excess water to a Central Valley district.
Staff cautioned that the water sold and the originally purchased water are functionally different allocations, so accounting is still being finalized. "We're still waiting on the final numbers," a staff member said, adding that the city expects to see the sale proceeds returned to the utility district and that roughly three‑quarters of the excess allocation was sold. The council characterized the development as largely favorable fiscally and noted staff will report final numbers when available.
