Here's how the deal - with few financial details disclosed - went down last month with Mayor John Giles signing off on it for a staged-for-public-consumption photo opp at the Mesa City Meeting on 19 August 2019. City Manager Chris Brady is behind the foam core poster board holding it up. The sale was promoted as a Pay-Off, but they never said who paid the low-ball sell-off to water-rights on 11,442 acres annexation.
Titles changed hands over-time - first to Pinal Land Holdings and ultimately to Saints Holdings LLC - you can watch an edited video of the occasion of the sell-off that was turned into an escrow account that was uploaded to Twitter a few days later . . . it's definitely worth a look to see how the video was edited with clips of cheering baseball fans that were inserted with a voice-over by Giles.
Mayor John Giles (@MayorGiles) | Twitter
https://twitter.com › mayorgiles
The latest Tweets from Mayor John Giles (@MayorGiles). John Giles. 40th Mayor of Mesa, Arizona. Mesa, AZ. ... Embed Tweet.
ICYMI: #Mesa's #spring training facilities are being paid off years ahead of schedule saving millions of dollars ⚾ ... PLEASE WATCH THE VIDEO
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Here's a post farther down on September 5, 2019 from Saints Holdings on Twitter if readers of this blog are curious what the Saint's holding companies are planning to create between Phoenix and Tucson around Casa Grande and Coolidge and Florence > a new "inland port", much similar to the same thing in-the-works in Utah. . . it certainly looks likes they are tending to now privatize water-rights just when a federal Drought Emergency Contingency Plan has been activated, When big deals like the sale of 'obsolete water-rights' on thousands of acres that would be just dirt without it, there's always scandals that surface somehow taking a cue from an earlier extract:
Arizona Corporation Commission’s desire for consolidation of the highly-fragmented water utility industry in Arizona and their new policy guidelines that support and incent such consolidation, the stage is well set for additional acquisitions,”
SAINTS HOLDINGS LLC
Website: Saint Holdings Twitter: @SaintHoldings
Saint Holdings is a multi-faceted real estate investment and development company with holdings in industrial, land, multifamily residential, and agriculture.
"Global Water Resources has signed agreements with Saint Holdings that will result in providing water services to Saint Holding’s Inland Port Arizona, where @nikolamotor is constructing their new facility."
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Here's a post from this blog in April 2018 MesaZona 2018Here In Mesa: Turner Ranches Water and Sanitation Company To Be Acquired by Global Water Resources Inc
More acquisitions coming, according to this media release. . . Given the Arizona Corporation Commission’s desire for consolidation of the highly-fragmented water utility industry in Arizona and their new policy guidelines that support and incent such consolidation, the stage is well set for additional acquisitions
Blogger Note: Disclaimer
Global Water Resources Inc. published this content on 26 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2018 14:43:03 UTC
Global Water Resources Inc. published this content on 26 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2018 14:43:03 UTC
Global Water Resources, Inc. (NASDAQ: GWRS) has signed a definitive agreement to acquire Turner Ranches Water and Sanitation Company, a non-potable irrigation water utility in Mesa, Arizona.
The acquisition will add 960 residential irrigation customers and approximately seven square miles of service area, including services to three golf courses. It is also anticipated to add nearly $1 million in revenue. Global Water expects to close the acquisition in the second quarter of 2018. . .
“This accretive acquisition will expand our footprint in Maricopa County, the fastest growing county in the Nation according to U.S. Census Bureau,” said Ron Fleming, CEO of Global Water. “Turner Ranches will be the second purchase, post-recession, in our declared strategy of again pursuing water utility acquisitions. We believe our focus on consolidating, improving and automating water utility assets will greatly benefit the customers of Turner Ranches, and we look forward to serving these new communities.”
Ronny and Judy Lopez have been a part of Turner Ranches since 1978 and became sole owners in 2012. “We’ve enjoyed working with the Global Water team in completing this transaction,” commented the Lopezes. “We believe they will continue to provide quality customer service, along with strong technical, financial, and managerial expertise for the benefit of the community.”
Turner Ranches has several CAPEX projects that are currently ongoing to upgrade its infrastructure, which Global Water will complete. Turner Ranches recently completed a rate case, setting new rates for the utility effective September 19, 2016.
“Given the Arizona Corporation Commission’s desire for consolidation of the highly-fragmented water utility industry in Arizona and their new policy guidelines that support and incent such consolidation, the stage is well set for additional acquisitions,” added Fleming.
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Blogger Note: TURNER RANCHES WATER AND SANITATION COMPANY v. ARIZONA CORPORATION COMMISSION
Ronny and Judy Lopez have been a part of Turner Ranches since 1978 and became sole owners in 2012. “We’ve enjoyed working with the Global Water team in completing this transaction,” commented the Lopezes. “We believe they will continue to provide quality customer service, along with strong technical, financial, and managerial expertise for the benefit of the community.”
Turner Ranches has several CAPEX projects that are currently ongoing to upgrade its infrastructure, which Global Water will complete. Turner Ranches recently completed a rate case, setting new rates for the utility effective September 19, 2016.
“Given the Arizona Corporation Commission’s desire for consolidation of the highly-fragmented water utility industry in Arizona and their new policy guidelines that support and incent such consolidation, the stage is well set for additional acquisitions,” added Fleming.
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Blogger Note: TURNER RANCHES WATER AND SANITATION COMPANY v. ARIZONA CORPORATION COMMISSION
Court of Appeals of Arizona,Division 1, Department C.
TURNER RANCHES WATER AND SANITATION COMPANY, Appellant, v. The ARIZONA CORPORATION COMMISSION, an Agency of the State of Arizona, Appellee.
No. 1 CA-CC 98-0002.
Decided: September 21, 1999
Source: https://caselaw.findlaw.com/az-court-of-appeals/1039504.html
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About Global Water Resources
Source: https://www.nasdaq.com/press-release/global-water-resources-to-acquire-turner-ranches-water-and-sanitation-company-20180426-01067
Global Water Resources, Inc. is a leading water resource management company that owns and operates nine utility companies which provide water, wastewater, and recycled water services. The company's service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles nearly 1 billion gallons of water annually. To learn more, visit www.gwresources.com.
Cautionary Note Regarding Forward-Looking Statements
Source: https://caselaw.findlaw.com/az-court-of-appeals/1039504.html
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About Global Water Resources
Source: https://www.nasdaq.com/press-release/global-water-resources-to-acquire-turner-ranches-water-and-sanitation-company-20180426-01067
Global Water Resources, Inc. is a leading water resource management company that owns and operates nine utility companies which provide water, wastewater, and recycled water services. The company's service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles nearly 1 billion gallons of water annually. To learn more, visit www.gwresources.com.
Cautionary Note Regarding Forward-Looking Statements
RELATED:
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https://books.google.com/books?id=FB0zAQAAMAAJ
1982
The Turner Ranches Water and Sanitation Company is a private corporation owned and operated by Toups Corporation and a franchised water utility. The Turner Ranches service area is an agricultural area that also includes the Leisure World development. Turner Ranches is a bonafide applicant for CAP water. Residents ...
Jun 29, 2009 - The Water Infrastructure Finance Authority of Arizona awarded a $1.4 million loan to Alpine Domestic Water Improvement District for the purchase of Turner Ranches Water and Sanitation Company.
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