Monday, July 11, 2011

Leander Approves Cost for Due Diligence for LCRA bidding.

Leander is nearing the end of a process that could allow the city to purchase part of the Lower Colorado River Authority's expansive water system. At the July 7 meeting, the city council authorized $95,500 for due diligence and to prepare for a final bid.

The LCRA announced in late 2010 that it planned to sell 32 water and wastewater systems, including the Sandy Creek water system that serves Leander.

This is significant to Leander’s 9,000 LCRA customers because the sale of the plant to another entity could void contract stipulations that protect these customers.

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