Circle City Water Acquisition
Summary
Surprise is completing its long-awaited acquisition of Circle City Water Company, securing crucial Colorado River water rights and taking over utility operations for area residents.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jan 21, 2025.
Impact analysis
The acquisition is funded through water resource impact fees at $15 million, with estimated ongoing ownership costs of $1.4 million annually.
Surprise residents and future water customers benefit from secured long-term water resources and infrastructure upgrades.
Circle City water customers will face gradual rate adjustments over time to cover long-overdue maintenance and operations.
Mentions & discussions (1)
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