Great Lakes Water Authority Investor Relations
Great Lakes Water Authority Investor Relations
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The Great Lakes Water Authority (GLWA) Board of Directors today approved the term
sheet that represents the initial step in a proposed agreement between the Authority, the city of Highland Park and the state of Michigan. Once fully executed the agreement would bring to conclusion a multi-decade billing dispute between GLWA (previously DWSD) and Highland Park. The term sheet can be found
here.
The proposed settlement has three main pillars that not only provide much needed
assurances from Highland Park, but also support a fresh start with the GLWA-Highland
Park relationship. These three pillars are: payment assurances from Highland Park;
investment in capital improvements in the Highland Park and GLWA systems by the State; and the addition of metering to create confidence that Highland Park is being billed equitably for their use of the regional system.
GLWA thanks Governor Whitmer, the state of Michigan and the city of Highland Park for
moving us forward to this proposed agreement. While much work remains, all parties
agree that this agreement represents a new and collaborative beginning to our working
relationships.