OCWD Board of Directors Approve Term Sheet
The Orange County Water District (OCWD) board of directors demonstrated their continued leadership by approving a term sheet t with Poseidon Resources that could lead to the purchase of 50 million gallons of water a day from the Huntington Beach Ocean Desalination Plant. Additional actions taken at the special board meeting include establishing a project budget of $230,000 and authorizing staff to hire consultants to assist with key project elements.The Orange County Water District (OCWD) board of directors demonstrated their continued leadership by approving a term sheet t with Poseidon Resources that could lead to the purchase of 50 million gallons of water a day from the Huntington Beach Ocean Desalination Plant. Additional actions taken at the special board meeting include establishing a project budget of $230,000 and authorizing staff to hire consultants to assist with key project elements.
As part of its transparency efforts, in March and April, the District established a 20-member citizen’s advisory committee that met on multiple occasions with OCWD staff and an independent facilitator, to provide input regarding the term sheet and project.
OCWD now plans to conduct numerous studies and further analyses prior to considering a final water purchase contract with Poseidon Resources. OCWD will continue its ongoing analysis of the project and how it will help determine the best way to use the Poseidon water and integrate it into the existing OCWD diversified supplies.
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