LOIS HENRY: Proposed agreement could boost funds to fix Friant-Kern Canal
How hefty could be decided by their payment choice. A longer term payment option would be $200 million. But a lump sum option could cost only $125 million, a 37.5% discount, according to a proposed settlement agreement between the Eastern Tule Groundwater Sustainability Agency and the Friant Water Authority. The agreement was approved by Friant Dec. 11. It is expected to go to the Eastern Tule GSA board for final consideration on Jan. 7, 2021, according to Rogelio Caudillo, General Manager of Eastern Tule GSA. Jason Phillips, General Manager of Friant Water Authority, declined this month to d...
Source: bakersfield.com