City's takeover of water companies still in the works

The final resolution granting Cottonwood's staff and legal team the authority to move forward with the acquisition of three local water companies wasn't on the agenda for last night's city council meeting.

Members of the city council put the item on hold in the beginning of August. The resolution is one of the last actions the council needs to take before Cottonwood can take over the Clemenceau, Verde Santa Fe and Cordes Lakes water companies.

The council is expected to adopt the resolution in the near future.

Cottonwood City Manager Brian Mickelsen explained that the agreements between the city and each of the three water companies are being completed in the Yavapai County Superior Court through a friendly condemnation process.

Mickelsen said the sales could have happened through a negotiated purchase agreement. Instead all parties agreed to a friendly condemnation.

A friendly condemnation allows the entities involved to stipulate the final purchase prices before filing with the court. The matter never goes to a judge.

Mickelsen said the city is handling it this way because there are many advantages. This avenue minimizes legal expenses all around, he said.

"It's a quick and efficient way," Mickelsen said.


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