Kirkwood City Council Explores Sale of Municipal Water Distribution System
What happened
Kirkwood leaders have initiated a process to determine a fair market value for the city's municipal water distribution system. This action follows the city's receipt of a $25 million purchase offer from Missouri American Water. The unanimous vote by the Kirkwood City Council directed staff to engage with firms recommended by the Missouri Public Service Commission to assess the costs and scope of a formal valuation.
From timesnewspapers.com
Why it matters
The unanimous council vote marks what could be the first official step toward selling the last independent water distribution system in St. Louis County. The city owns the aging system, which has been in place for about 135 miles of water mains.
From timesnewspapers.com
Who's involved
- KirkwoodCity whose core service (water) is under consideration for sale.
- St. Louis CountyCounty in which the city is located and operates.
- Mark McLeanCouncilman involved in the unanimous vote regarding the city's core asset.
Keep exploring
The entities involved
-
Kirkwood
suburb of St. Louis, Missouri, USA
-
St. Louis County
county in Missouri, United States