The City of Chino and the Monte Vista Water District have entered into an agreement for the District to purchase the City's ownership interest in Plant 33 for $1,015,000
The City of Chino and the Monte Vista Water District have entered into an agreement for the District to purchase the City's ownership interest in Plant 33 for $1,015,000. The agreement terminates the 2004 agreement between the parties and outlines the terms of the sale, including payment and transfer of ownership. The parties also agree to indemnify each other and to resolve any disputes through arbitration.
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Summary
The City of Chino and the Monte Vista Water District have entered into an agreement for the District to purchase the City's ownership interest in Plant 33 for $1,015,000. The agreement terminates the 2004 agreement between the parties and outlines the terms of the sale, including payment and transfer of ownership. The parties also agree to indemnify each other and to resolve any disputes through arbitration.