WRUD Offers $3.6 Million For Signal’s Water System, Associated Real Estate; Tennessee American Counters With $3.4 Million

Monday, March 12, 2018 - by Judy Frank
Signal Mountain residents today are getting their first look at a 25-page report completed by members of a six-member committee tasked with evaluating multiple offers to either buy or manage the town’s aging water system.

Both Tennessee American Water Company and Walden’s Ridge Utility District submitted multiple responses to the town’s request for proposals from firms interested in either managing or acquiring the water system, according to the report.

WRUD’s $3.6 million proposal to acquire both the water system and the real estate on which it sits came in $200,000 higher that TAWC’s $3.4 million bid, according to information in the report.

Further, TAWC’s proposal stipulated that this and its two other acquisition proposals all are “subject to . . . a reduction in purchase price based on the town’s estimated RFP cost and expense of $200,000.”

Should TAWC’s acquisition proposal be accepted, the report noted, “The strategy is to completely integrate the Signal Mountain water system with the Chattanooga system so that the systems operate under one Public Water System identification (PWSID) number, and all compliance requirements will be based upon one total system rather than two independent systems.”

Both potential purchasers reportedly noted that if officials do opt to sell the municipal system, their action would enable town council members to spend Signal Mountain Water District’s financial assets – estimated to total $3 million to $3.8 million in cash and restricted funds – on whatever they wished.

All told, the town received five acquisition proposals, three from TAWC and two from WRUD.

TAWC’s two additional acquisition proposals were:

    ·         Purchase the water assets of the town, including the pump station, James Blvd. single tank and James Blvd.
    double tank, for a cash payment of $3 million.

    ·         Purchase the water assets of the town, excluding associated town real estate, for $2.8 million.

WRUD submitted a second acquisition proposal under which it would acquire the water district and its assets, but no land, was for $3 million.

Further, WRUD proffered a management proposal, offering – if the town rejects all acquisition proposals and decides to retain ownership of the water system – “to manage, operate and maintain” the municipal system for a price of $20 per customer, per month.

“This equated to nearly $900,000 per year,” the committee report said. “A transfer date of June 30, 2018 is proposed.”

TAWC did not offer any management proposals, according to the report.

The evaluation committee’s report made no recommendations as to which of the six offers received, if any, should be accepted.

“It is important to note that it was not the charge of this committee to make a recommendation for any particular proposal,” it explained, “but merely to evaluate all the proposals and present the facts.”

Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: AUTRY, JERMEKA RENEE  5141 WOODLIN VIEW CIR CHATTANOOGA, 37410  Age at Arrest: 24 years old Arresting Agency: East Ridge Booked for Previous Charges or Other Reason(s) --- BATY, JASON BRENT  1071 RAVEN CLIFF RD GRAYSVILLE, 37338  Age at Arrest: 41 years old Arresting Agency: Chattanooga ... (click for more)

Consumer Protection Bill Sponsored By Rep. Travis Passes House Unanimously

Legislation sponsored by Rep. Ron Travis (R-Dayton) that strengthens Tennessee’s consumer protection laws was approved.   House Bill 1879,  which passed by a 91-0 vote tally, prohibits members of the health care industry from soliciting business from victims of accidents or natural disasters for a period of 30 days following an incident. The measure exempts ... (click for more)

Why Are Pictures Of Our President And Vice President Not Hanging At Our Federal Courthouse?

I would like to know why the pictures of our President and Vice President have not been hung in our Federal Courthouse. They have been approved by the White House. Every time I call they tell me they are on order. Tommy Fryar (click for more)

Roy Exum: Battling The Beggars

The revelation that Chattanooga Police Chief David Roddy wants to crack down on the city’s panhandlers is every bit as refreshing as the beautiful jonquils now bursting forth across our city. In a recent poll on Chattanoogan.com, over 80 percent of those who live here indicated they are scared to go downtown and that is inexcusable. This is no way for anyone to live. But I can ... (click for more)

Vols Suffer Heartbreaking Loss To Loyola, 63-62

No. 3 seed Tennessee's season came to an end on Saturday night as the Vols suffered a heartbreaking loss to 11th-seeded Loyola-Chicago, 63-62, in the second round of the NCAA Tournament.   The Vols (26-9) made one last push at the end of the game, using an 8-0 run to take a 62-61 lead with 20 seconds remaining in the game, capped off by a three-point play from SEC Player ... (click for more)

UTC's Carr Run at NCAAs Ends in the Blood Round

University of Tennessee at Chattanooga senior Bryce Carr's run at the NCAA Championships ended tonight in the blood round at Quicken Loans Arena in Cleveland, Ohio.  Carr fell to Cornell's Max Dean in the final match of his career. Carr was the aggressor early, with two takedowns in the first period.  He opened up a 4-2 lead after the first period, but could not put ... (click for more)