Business
Global Water Resources Partners with Town of Sahuarita to Support Regional Growth with Integrated Water Utility Solutions
PHOENIX, April 26, 2022 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), (TSX: GWR), a pure-play water resource management company, has
About this update from Global Water Resources, Inc.
[{"type":"text","content":"PHOENIX, April 26, 2022 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), (TSX: GWR), a pure-play water resource management company, has entered a public-private partnership with the Town of Sahuarita, Arizona. Located in Pima County just south of Tucson, Sahuarita currently encompasses 30 square miles and is home to over 34,000 residents. According to a memorandum of understanding approved by the town at yesterday’s town council meeting, Global Water has committed to supporting the town’s growth and long-term development through providing regional water infrastructure, strategic planning and water utility expertise. This includes Global Water’s planned acquisition of Farmers Water Co. as well as supporting the town’s planning areas in partnership with the town. The partnership was modeled after other successful Global Water municipal partnerships, including those with the City of Maricopa, City of Coolidge and City of Casa Grande, where the company has effectively supported regional growth and development. “We believe this public/private partnership will serve the interests of our residents well into the future,” said Sahuarita Mayor Tom Murphy. “Water is a precious resource, especially in our region, and partnering with Global represents a move toward protecting Sahuarita’s future.” The Sahuarita East Conceptual Area Plan (SECAP) area, located adjacent to the town, represents a strategically important future growth corridor for the community. The SECAP area totals 47 square miles and is estimated to support 50,000 additional homes at full build out. Global Water will provide system capacity and infrastructure necessary to attract and retain economic development opportunities while facilitating the anticipated growth in the common planning areas. Sahuarita and Global Water will explore potential financings, including state and federal grant options, to fund utility infrastructure projects within the town or municipal planning areas like SECAP. These projects would include enabling new industrial and commercial development. The town is supportive of Global Water’s Total Water Management approach to water conservation through regional planning, and where possible, integration and coordination of water services. As part of its initiatives for the town, Global Water plans to upgrade connections from manually read met...