Showing posts with label Walden Meadows Community Co-op. Show all posts
Showing posts with label Walden Meadows Community Co-op. Show all posts

Saturday, November 17, 2007

Water in Wilhoit

I just finished reading Doug Cook's Daily Courier article regarding the Wilhoit Water Company.

It helped bring me up to speed on the issue there. I was curious if there's any chance the water company will fail? There's a huge division regarding fees and, if it's operating at a loss, that seems like a possible scenario. Maybe there is some sort of performance requirement with the Arizona Corporation Commission. If not, who would inherit this problem? Obviously the homeowners will be impacted on some level. It doesn't sound like Walden Meadows Community Co-op can sustain the additional usage even if they wanted to help long term. I know that ACC encourages consolidation of smaller water companies - but is that an option here?

I wonder if a temporary surcharge would alleviate any of problem. Does the state provide any assistance to the $100,000 cost of a commercial well? Compound that with the operating loss and the huge back tax issue, it sure looks like the foreshadowing of a complete collapse.

UPDATE: I found a link to Water Infrastructure Finance Authority (WIFA) that may be a possible solution to the financing of the $100,000 well. Of course, it sounds like they may have to qualify for this as it is a low interest rate loan. I assume they have explored this option, but I wanted to share it.