Norwalk

City Council

November 21, 2023 Consent Item #13

Agenda Item 13

13. RESOLUTION NO. 23-69 - APPROVING A SALE AND PURCHASE AGREEMENT FOR THE SALE OF\nTHE ARTESIA SERVICE AREA AND RELATED ASSETS OF THE NORWALK MUNICIPAL WATER\nSYSTEM\nStaff recommends City Council adopt Resolution No. 23-69, A RESOLUTION OF THE CITY COUNCIL OF\nTHE CITY OF NORWALK, FINDING THAT REQUIREMENTS PURSUANT TO CALIFORNIA PUBLIC\nUTILITIES CODE SECTION 10061 FOR THE SALE OF THE CITY OF NORWALK’S ARTESIA SERVICE\nAREA WATER SYSTEM AND RELATED ASSETS LOCATED OUTSIDE OF ITS BOUNDARIES, HAVE\nBEEN MET AND APPROVAL OF THE SALE, for the purchase price of $5,250,000.