© 2019 Alinda Capital Partners

City of Santa Paula, California, to Buy Santa Paula Water

 

February 2, 2015

 

 

The City of Santa Paula, California, has agreed to purchase the Santa Paula Water Recycling Facility from investment funds managed by Alinda Capital Partners for $70.8 million.

 

Following a competitive process and much public discussion, in 2008 the City Council selected PERC Water Corporation and Alinda Capital Partners to design, build, operate and finance a new, state-of-the-art, 3.4 million gallons per day water recycling facility to replace its aging wastewater treatment plant built in 1939. The City’s original facility no longer met the water quality standards established by the California Regional Water Quality Control Board. Accumulating more than $8 million in potential fines, the City needed a new facility expeditiously and economically in order to have the fines waived.

 

The facility, owned by investment funds managed by Alinda, and designed, built and operated by PERC, was the first facility of its kind to be built under California's regulations encouraging private investment to solve public infrastructure needs.

 

The facility won numerous awards for its design, efficiency and quality of water produced, including from the California Water Environment Association.

 

____

 

The sale was completed on April 30, 2015.