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Defense Department Monetizes and Outsources Water and Wastewater Facilities with “Hybrid” Government
This article discusses a contract that transferred ownership and management of the MacDill Air Force Base water and wastewater facilities to the Florida Governmental Utility Authority (FGUA). The contract will be carried out over 50 years at a value of $200 million. The MacDill acquisition marks the first time the FGUA has purchased a utility owned by the federal government. In the past, sellers were private investor‐owned companies that local governments wanted to transition to public ownership. Unlike past acquisitions, which are typically acquire‐upgrade‐manage or sell, MacDill is the longest‐term contract for the FGUA, running through 2061. Over the past decade, FGUA has acquired and upgraded dozens of water and wastewater facilities. Whether continuously managing facilities or transferring them back to the “host” government, FGUA involves local governments in its decision‐making process by providing them with a seat on the FGUA board of directors. FGUA has continued its evolution with the MacDill partnership, again saving the taxpayers' money and allowing the assisted government to focus on its core mission. FGUA's acquisition of the MacDill water and wastewater system demonstrates how strategies in this vital industry are evolving and how important public‐private collaborations are working. The article contains an insert discussing the nature of a governmental utility authority.
Defense Department Monetizes and Outsources Water and Wastewater Facilities with “Hybrid” Government
This article discusses a contract that transferred ownership and management of the MacDill Air Force Base water and wastewater facilities to the Florida Governmental Utility Authority (FGUA). The contract will be carried out over 50 years at a value of $200 million. The MacDill acquisition marks the first time the FGUA has purchased a utility owned by the federal government. In the past, sellers were private investor‐owned companies that local governments wanted to transition to public ownership. Unlike past acquisitions, which are typically acquire‐upgrade‐manage or sell, MacDill is the longest‐term contract for the FGUA, running through 2061. Over the past decade, FGUA has acquired and upgraded dozens of water and wastewater facilities. Whether continuously managing facilities or transferring them back to the “host” government, FGUA involves local governments in its decision‐making process by providing them with a seat on the FGUA board of directors. FGUA has continued its evolution with the MacDill partnership, again saving the taxpayers' money and allowing the assisted government to focus on its core mission. FGUA's acquisition of the MacDill water and wastewater system demonstrates how strategies in this vital industry are evolving and how important public‐private collaborations are working. The article contains an insert discussing the nature of a governmental utility authority.
Defense Department Monetizes and Outsources Water and Wastewater Facilities with “Hybrid” Government
Spratt, Steve (Autor:in)
Journal ‐ American Water Works Association ; 103 ; 32-35
01.08.2011
3 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
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