Summary
Montebello is selling its water system for nearly $18 million, a big asset deal that hands control of a key public service to a buyer. The city gets cash upfront, but residents could see water bills and service decisions shaped by someone else.
At a glance
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Impact analysis
The deal puts nearly $18 million into city coffers now, but it could change water bills and remove a long-term revenue stream later.
The city gets a one-time $18 million cash infusion, and the buyer gets control of a public water system.
Residents could lose local control over water rates and service, and the city gives up a long-term public asset.
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