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Board approves interim operating agreement for Thomas Mills Village utility
Summary
Board approved an interim operating and maintenance agreement that would let the district run the Thomas Mills Village utility before a scheduled sale/closing on Jan. 1, 2025. Staff said terms include a $25,000 monthly flat fee and seller reimbursement for material costs above $500.
Staff presented a draft operating agreement intended to bridge services until the district's purchase of the Thomas Mills Village utility closes on Jan. 1, 2025. Under the interim agreement described by staff (speaker 2), the district would receive a $25,000 monthly flat fee from the seller to perform basic services; the seller would reimburse material and contracted expenses above $500 per occurrence and would pay for emergency, after‑hours events on a material‑cost basis. Staff said the district would make interim improvements (for example, integrating control systems) but the contract includes termination provisions to address what happens to those improvements if the sale falls through.
Board members asked whether the agreement would continue if the sale was delayed and sought clarity about treatment of materials and emergency work; staff said termination and reimbursement provisions are included to protect the district. Director 3 moved approval, John seconded, and the board adopted the operating agreement unanimously.
