Posted at 19:07h
Los Angeles, CA --
in Press Releases
Cadiz Inc. (NASDAQ: CDZI) today reported the release of the Final Environmental Impact Report (“Final EIR”) for the Cadiz Valley Water Conservation, Recovery and Storage Project (“Cadiz Project”). The Final EIR was issued by the Santa Margarita Water District (“SMWD”), a Southern California water provider and lead agency of the California Environmental Quality Act (“CEQA”) permitting process for the Project.
The Final EIR responds to comments received from the public regarding the draft environmental documentation that was issued by SMWD in December 2011. SMWD will hold a public hearing on July 25, 2012 regarding the Final EIR and consider certification of the document. Details about the hearing and a copy of the Final EIR are available at www.smwd.com
. At the public hearing, SMWD will also consider approval of the Project’s Groundwater Management, Monitoring, Mitigation Plan and a Purchase and Sale Agreement. The Purchase and Sale Agreement between Cadiz and SMWD outlines economic terms for SMWD’s participation in the Project and establishes rights and responsibilities for Project implementation and operation.