PHOENIX, AZ, Oct. 30, 2012 /CNW/ - GWR Global Water Resources Corp. (TSX:GWR) and Global Water Resources, Inc. ("Global Water") today announced that Global Water and the City of Glendale (the "City") have entered into an Agreement for future wastewater and recycled water services (the "Agreement"), advancing their public-private-partnership originally established in a Memorandum of Understanding approved by City Council in March 2010.
The City and Global Water have joined together to bring Global Water's pioneering Total Water Management model to Glendale. The partnership will result in significant investment in utility infrastructure that will allow for additional economic development in Glendale. The Total Water Management model integrates direct beneficial reuse of recycled water to reduce groundwater demand, which is also of great importance to the City and landowners in the area.
The Agreement effectively establishes Global Water as the wastewater and recycled water provider for a 7,000 acre territory within a portion of the City's western planning area. Due to its proximity to major transportation corridors and Luke Air Force Base, the territory is integral to the City's future industrial and commercial growth strategies. "This part of western Glendale is the City's last remaining undeveloped area and has great potential to develop into a thriving commercial and employment corridor to the benefit of Glendale and the surrounding region," said Brian Freidman, Glendale's Community and Economic Development Executive Director.
Glendale Mayor Elaine Scruggs said, "Utility service and infrastructure availability is vitally important to attracting growth and business opportunities as they arise. We have established this partnership to catalyze quality economic development in the emerging western area of our City."
Global Water has formed a new regulated utility subsidiary, 303 Utilities Company, Inc., to provide service within the City.
"This Agreement is a great opportunity to bring the benefits of our infrastructure deployment and water resource management expertise to support development in Glendale," said Trevor Hill, President and CEO of Global Water. "By working closely together with the City, local water providers, and numerous land owners, we have created a utility solution that will allow us to achieve our mutual objectives pertaining to both economic development and water conservation."
About GWR Global Water Resources Corp and Global Water
GWR Global Water Resources Corp. owns an approximate 48.1% interest in Global Water, a leading water resource management and technology company that owns and operates water, wastewater and recycled water utilities, and provides technology-enabled services through its unique platform, FATHOMTM Utility-to-Utility ("U2U™") Solutions. Initially developed by Global Water to support and optimize its own utilities, FATHOMTM OS is a cloud-based geo-spatial integrated suite of utility-to-utility solutions proven to increase utility revenue, decrease operating costs and improve customer service. FATHOM™ puts water management tools in customers' hands.
SOURCE: GWR Global Water Resources Corp.
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