Water Infrastructure Objective Study

Mission

To complete and objective, fact-based analysis to determine the costs and benefits associated with the City of Peoria exercising—or not exercising– its repurchase provision of the 1889 Franchise Agreement, and subsequent documentation, with the Illinois-American water Company Peoria District, using internal and external expertise wherever available.

To include financial considerations for the City of Peoria, ratepayers and surrounding communities, and on the long-term growth of the Illinois-American Water Company Peoria District.

To consider potential impacts on the employees of the Illinois-American Water Company Peoria District.

To make an objective recommendation to the CEO Council on the merits of exercising the repurchase provision—or not, based on the financial analysis and other facts obtained in the detailed study.