Ridge Water District Looking to Acquire Neighbors
Chico Enterprise, August 18, 2007
Paradise Irrigation District has been in talks about collaborating with its neighbor, Del Oro Water Co., to chare water from a proposed pipeline.
PID officials announced they are looking at an alternative. They would like to acquire Del Oro’s two districts covering Lime Saddle and Old Magalia.
Del Oro maintains its districts are not for sale.
If PID presses ahead with the acquisition process, it will have to seek approval from the Butte County Local Agency.
-The article is a classic example of the desire to obtain a new “economy of scale” in purchasing franchises, thereby expanding the business viability and opportunity. As part of this taking, the proposed acquirer would best review its statutory authority. See Grosse Ile Township v. Grosse Ile Bridge Company, 727 Mich. 593 (2007).
