[Vision2020] Advanced Real Estate Question

[pkraut at moscow.com]

An interesting interpretation.



> Pat writes: 
> 
> "how can it be a subsidies or give away if they are
> paying the going rate? ...I do not understand how it
> is a 'give away'."
> 
> I reply:
> 
> >From my perspective, we will subsidize Hawkins by the
> fact that they won't have to pay the $4 million they
> intended to pay for providing their own water and
> sewage.  Whitman County didn't want to pay for it. 
> Instead, we will provide those services to them, and
> they are not obligated to pay for bonds for upkeep. 
> Since the contract lasts forever, Moscow has to
> account for the fact that Hawkins is using what
> potentially would be left for Moscow.  Moscow will
> have to upgrade at some point sooner due to the
> increased demand Hawkins poses.
> 
> They are saving $4 million, and the taxpayers of
> Moscow are subsidizing that.  That sounds like a "give
> away" to me.
> 
> 
> Pat writes:
> "If we needed a new sewer system with or with out
> Hawkins and they are now going to help pay for it I do
> not see how that is not to our advantage."
> 
> I reply:
> 
> Hawkins is not obligated to pay for anything other
> than the water we sell them and the sewage we take. 
> The contract does not say Hawkins has to pay for
> upgrades.
> 
> It does say that they sell the water to their
> end-users, meaning they could profit on that water. 
> Maybe that's not a subsidy, but it's a commodity they
> could use for their bottom line.  Water that should be
> left in Moscow for our growth.  So we are also
> subsidizing them with our water.
> 
> Garrett
> 
> 
> 
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