City, STPUD agree on redevelopment
SOUTH LAKE TAHOE, Calif. – The South Tahoe Public Utility District and the City of South Lake Tahoe have reached a final agreement regarding the City’s Redevelopment Area No. 2.
District and city staff have worked since early June to arrive at an agreement on a number of redevelopment issues like loss of tax revenues and public funding of private water systems.
Final agreement documents were signed Friday by representatives of the district and city that had been approved in concept by both the city council and the district’s board of directors earlier last month.
“This agreement represents a compromise between two local, publicly funded organizations that chose to work together to avoid potentially costly litigation and minimize the financial impact to our customers and the city’s taxpayer, many of which are one and the same,” District Board President Dale Rise said. “This is what we are elected to do – work together to reach a reasoned, common-sense middle ground that will benefit the greatest number of those we represent.”
Mayor Kathy Lovell echoed Mr. Rise’s comments.
“This agreement was not an easy task, but when people are willing to sit down and genuinely listen to one another, good things happen,” Lovell said. “I am very pleased we were able to reach an agreement that will benefit of the entire community.”
As a further demonstration of cooperation between the City and District, President Rise and Mayor Lovell also signed a five-year water agreement that will provide mutual benefits for both the city and the district.
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