I’m linking to some stories related to the city of Missoula’s eminent domain case against Mountain Water Co. and The Carlyle Group.
1. Apple Valley Ranchos, part of Western Water Holdings along with Mountain Water Co. and Park Water Co., got word it can afford its own water.
2. The city of Missoula can bond up to $102.63 million for a water company, according to Barclays. Mayor John Engen said he isn’t interested in paying that much. The city offered $65 million for Mountain Water.
3. Mooresville, Indiana, drops its quest to condemn the local water company because it can’t afford the price set by a jury.
4. Carlyle dips in the third quarter of 2014 compared to 2013. Some mind boggling numbers here.
All for now. Monday, the Missoula City Council holds a public hearing on an ordinance that gives the administration authority to spend money in acquiring Mountain Water. The council had approved a similar ordinance a year ago, but before the city went to court.
– Keila Szpaller