Power County Water Bond
Posted by Steve Lusk in News Sunday, 6 November 2016 09:10
Vote Yes on a Once-in-a-lifetime Opportunity!
Why is this important to me?
The fertilizer plant that was to locate in Power County is now offering us a one-time, first opportunity to purchase it’s industrial water rights. These water rights are important for Power County because:
- Water is absolutely key to economic development and bringing jobs to our community
- It will protect city resident’s services, lifestyle and water availability
- It will preserve and support our agricultural jobs and businesses
- It will allow consideration for school and educational water usage and demands
- It will secure the integrity and serenity of our parks, cemeteries, and beauty of our cities
This bond is unique because the water right can generate income to help pay back the bond
Power County can only buy these water rights if two-thirds of voters or 66.7% vote yes. Â We encourage all citizens to attend one of the Town Hall Meetings and learn more.
This is a once-in-a-lifetime opportunity to protect and secure the future of our community and children.
Amount: $8,000,000
Term: 30 years
Rate: 3.17%
Projected Rental Income: $200,000 per