Proposals from Aqua Virginia and Virginia American Water have been received to acquire Cape Charles water and wastewater utilities under the Public-Private Education Facilities and Infrastructure Act (PPEA). Town Council approved a motion to move the proposals onto the next stage, which is to have an independent evaluation of each proposal.
The Town may charge up to $50,000 to each offeror to evaluate their proposal.
The Town Council voted to use NewGen Strategies & Solutions. They are offering a fixed fee of $92,120 to perform the following:
A. Conduct background research on these private utility companies regarding similar sized systems.
B. Advise on acceptable processes and procedures associated with the PPEA, the VA Fair Market Value legislation, and the VA State Corporation Commission.
C. Conduct on-site inspection of Town water and wastewater facilities and review data provided by the Town to develop detailed asset lists and determine the current appraised value for the assets/property to be acquired. Evaluate proposed conceptual and detailed fiscal terms against the current value and the fair market value provisions of Virginia state law.
D. Develop a nominal municipal utility rate forecast/capital investment strategy for the next ten years (a the baseline for comparison should the Town reject all proposals and continue to own/operate these utilities). Compare the proposed rate forecasts/capital investment strategies to this municipal baseline projection
E. Provide the criteria/performance metrics used during evaluations, as well as recommended metrics the Town could employ in monitoring provisions under any eventual contract.
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What’s next????????
Let’s spend as much money as we can for things we don’t need. It’s the American way! And every resident should welcome a more expensive water bill.
100% now that I just heard it sold
Seems everyone has forgotten that the Bay Creek Developers (Declarants, by State Law for Property Owner’s Associations) agreed in writing (Brown & Root; Dickie Foster – Bay Creek, Bay Creek, LLC, Bay Creek South, LLC (Sinclair Broadcasting); Preserve Communities – that any upgrade and or replacement of the water/wastewater treatment plants were to be funded in full by the Bay Creek Developers in order for the Town of Cape Charles – the South Tract of Bay Creek property to be ANNEXED into the Town of Cape Charles (North Tracts), by Court Orders. Followed by a Town Ordinance or PUD Development (BAY CREEK) requiring same. Why give away or sell cheap something you already own and avoid the requirements of the Annexation Agreements, which by Virginia law is a Legislative Act? The Town spent a fortune in legal fees — as did the County legal teams along with significant time and energy with public hearings and negotiated Annexation Agreements, in order to achieve the goal of the Developers, required to pay for any expansion or upgrade since the Town had no growth and only the expansion of 34 neighborhoods of Bay Creek would create such a demand. Such demand was determined in 2005 when only 873 platted lots out of a permitted 3,000 lots in Bay Creek created a scenario where the Town Mayor was begging for developers and lot owners to pony up $10,000+ in order to make sure they could connect to the NEW WASTEWATER TREATMENT PLANT. Connections were and are limited as the new plant was not expanded to handle more capacity. Isn’t there a Town historian or only just those with memory disorders?
We have kind of written about this until we’re blue in face. There’s also the connector road and other things that have not been met. Here is a sampling:
http://www.capecharlesmirror.com/news/the-sordid-history-of-accawmacke-plantation-bay-creek-at-cape-charles/
http://www.capecharlesmirror.com/news/reviewing-bay-creek-south-l-l-c-obligations-to-cape-charles/
http://www.capecharlesmirror.com/news/the-fix-is-in-town-holds-work-session-on-annexation-agreement/
http://www.capecharlesmirror.com/news/absalom-absalom-the-1991-annexation-agreement-is-not-the-past/
http://www.capecharlesmirror.com/news/why-did-cape-charles-drop-the-annexation-agreement/
http://www.capecharlesmirror.com/news/bay-creeks-11-million-dollar-driveway-open-for-business/
http://www.capecharlesmirror.com/news/letter-mirror-is-missing-information-about-the-bay-creek-connector-road/
http://www.capecharlesmirror.com/news/cape-charles-when-will-bay-creek-pay-to-extend-fig-street/
http://www.capecharlesmirror.com/news/cape-charles-virginia-vdot-attorneys-say-bay-creek-south-is-obligated-to-pay-for-connector-road/
http://www.capecharlesmirror.com/news/was-bay-creek-supposed-to-renovate-the-old-school/
http://www.capecharlesmirror.com/news/cape-charles-time-to-make-bay-creek-developers-pay-what-they-owe/
It is heartening in this day and age of civic cowardice to see someone stepping up to the plate as a much-needed institutional memory in a venue that allows for the voices of such institutional memories to be heard.