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: ADAMS, KENNETH M  HOMELESS MORRISTOWN, 38714  Age at Arrest: 46 years old Arresting Agency: Chattanooga CRIMINAL TRESPASSING --- ANDERSON, QUINTESSA SHAVON  4029 GREEN AVE CHATTANOOGA, 37410  Age at Arrest: 26 years old Arresting Agency: UTC DRIVING ON REVOKED, SUSPENDED OR CANCELLED ... (click for more)

Police Blotter: Sunglasses Thieves Get Away With $900 In Merchandise; Uber Driver Not Drunk After All

A man told police his Iphone was stolen at the Best Buy parking lot on Gunbarrel Road. He went there to sell a phone to a person he met through social media. When he allowed the suspect to look at the phone while sitting in her car she left in her vehicle without paying him for the phone. He said it was a black Iphone 8+ worth over $1,000. The suspect, who was listed as Kyla Jones, ... (click for more)

Protecting Family Homes On Signal Mountain

The Signal Mountain Town Council will vote at their upcoming July 9 meeting on whether to approve a controversial rezoning application regarding property located at the northwestern corner of Albert Road and Taft Highway.  Prior to the rezoning request, Albert Road was the redline on Taft Highway past which commercial development within the town did not extend. This rezoning ... (click for more)

Roy Exum: Claude And "Mr. John"

There are some who believe this last week has been a devastating one for our community, losing two of our most beloved “builders” within three days of one another. Claude Ramsey, who spent over 40 years in public service and because of the type man he was never lost a political race, died on Monday after a hard fight with illness at the end. On Thursday we lost “Mr. John” Franklin, ... (click for more)

Chattanooga FC, Atlanta Silverbacks Move Wednesday Match From Dalton To Chattanooga Christian

Chattanooga FC and Atlanta Silverbacks agreed earlier today to move their match next Wednesday , initially scheduled to take place in Dalton, Ga.,, to Chattanooga. The match will take place  at   7:30 p.m.  at Chattanooga Christian School, and will still be considered a home match for Atlanta.  “It’s really a best case scenario for both teams,” ... (click for more)

UT Athletics Department To Host Tribute To John Ward On Wednesday

  The University of Tennessee Athletics Department and The Vol Network are hosting a Tribute to "The Voice" event honoring John Ward on Wednesday, June 27, starting at 6 p.m. ET at Thompson-Boling Arena. The legendary broadcasting and marketing icon passed away this week following a lengthy illness. He was 88. Wednesday's event will take on a celebratory ... (click for more)