
City of Georgetown pursues 30-year water agreement to meet future demand
Water availability is one of the biggest concerns about the city that we hear from Georgetown residents. If you're not a subscriber to the paper, here are some basic takeaways from the article. Let us know if you have any questions and I'll see if we can ask the city some follow ups to provide answers in the coming weeks:
• Georgetown City Council approved a term sheet for a Water Supply Agreement with Recharge Water LP to provide the city with a long-term groundwater supply starting in 2030.
• Through the agreement, the city will get 34,800 acre-feet of water per year for up to 30 years from the Carizo-Wilcox Aquifer.
• The cost of the water reservation fees will be kept confidential until the agreement is finalized later this year. The paper will report those terms once they're available through public records.
• This agreement will not decrease water rates, but should help make rate increases more predictable and manageable over time, according to the city.