For months the city has tried to sell Falls Church Water and Tuesday, a deal was reached to sell it to Fairfax Water.
The deal still needs a majority of the city’s resident’s support on a November 2013 referendum.
Tuesday, the city agreed to sell the water company to Fairfax Water for $40 million, $4 million less than the original minimum bid. Selling the company to Fairfax Water would see rates drop for current Falls Church Water customers. According to a graph on the Fairfax Water website, their customers pay $60.19 per 24,000 gallons over a three-month period. Falls Church Water customers, according to the same chart, are paying $86.55 for the same services.
If the deal goes through, Falls Church Water’s boundary with Fairfax County would change and now include George Mason High and Mary Ellen Henderson Middle complex and the Falls Church City Public Schools athletic facilities, which sit just outside city limits.
Do you believe the city should sell Falls Church Water and lose city revenue or do you think it’s time to let the company go in favor of lower rates?
Tell us your thoughts on this issue in the comments section below.
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