On Thursday November 10th, the Town of Cape Charles will hold a public hearing and then vote to sell (or not) the water and wastewater utilities to Virginia American Water. The Special Meeting is scheduled for 6:30 at Cape Charles Civic Center on Tazewell Avenue.
There are several parts to the transaction:
– Town Council Vote re: Comprehensive Asset Purchase Agreement
– Town Council Vote re: Sale of Water & Wastewater Systems
– Town Council Vote re: Granting of Franchise for the Use of Public Places to Acquire,Maintain and Operate the Water and Wastewater Systems
– Approval of Transition Contract with Virginia American Water for Consultation of
Wastewater Treatment Plant Maintenance and Operations
The first is a resolution to adopt the Comprehensive Asset Purchase agreement that contains the terms and conditions of the sale. However, because this action divests the Town of real property, it also requires adoption of an ordinance authorizing same. Both the resolution and ordinance require super majority support of the Town Council for adoption.