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Cal Am Agrees to Sell Felton Water System for $10.5M |
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Monday, 02 June 2008 00:09 |
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California American Water has tentatively agreed to sell the Felton water system to the San Lorenzo Valley Water District for $10.5 million, signalling the likely end of a six-year David-and-Goliath fight between a grass-roots citizens group and the former multinational corporation over local control.
Cal Am and the water district made the deal public in Santa Cruz County Superior Court after a private mediation hearing.
Source: Santa Cruz Sentinel
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