Tuesday, December 13, 2011

Citizen Lawsuit over Water Utility Expenditures

To all COLA LO Members,

A citizen group filed a lawsuit challenging expenditures by the City of Portland's Water Bureau this past week.  The lawsuit is being covered by both bloggers and the media in different terms.   The details of the lawsuit  are public and involve not only questionable expenditures but further disclosure of fees etc.

Details can be found at News that isn't happening

and in the following Oregonian article:  Portland Water Faces Lawsuit

Could this be an insight into the future for Lake Oswego, its water rates, and its projects?   Only time will tell as  rates, fees, and expenditures continue to increase.  But additional information is being posted by bloggers as this issue proceeds through the legal process under a challenge by citizens.  

It seems that now the City of Portland has to increase its disclosure to bondholders when it attempts to raise additional funds for capital.    Water.     

In Lake Oswego water rates are proposed to increase 25.5% in March to continue to set aside reserves of the LO-Tigard Water Partnership which is the largest capital project in LO's history.  

Please notify all members, contacts, and friends...

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