Cadiz is a publicly-held natural resources company that owns 70 square miles of property and water resources in Southern California. Our mission is to support communities that lack reliable access to clean, affordable water needed for economic growth and an equitable quality of life by improving California’s water transportation network and delivering sustainable water supply and storage solutions while cultivating sustainable farming opportunities.
Cadiz, Water, Agriculture, Sustainable Farming, Cadiz Water Project, Water Resources, Southern California, Hemp
Los Angeles --- Cadiz Inc. [NASDAQ:CDZI] ("Cadiz") announced today that the Board of Directors of Santa Margarita Water District ("SMWD"), the Lead Agency for the proposed Cadiz Valley Water Conservation, Recovery and Storage Project ("Project"), voted on Friday, May 11, 2012 to approve an agreement with the County of San Bernardino and Cadiz regarding the County's role in the Project's groundwater management program. The Memorandum of Understanding ("MOU") agreement, also approved by San Bernardino County's Board of Supervisors on May 1, 2012, grants the County full enforcement authority over the Project's proposed Groundwater Management, Monitoring, and Mitigation Plan ("GMMMP").
County Board of Supervisors Votes to Approve Memorandum of Understanding With Cadiz and Santa Margarita Water District for Project's Management Plan
Los Angeles -- Today Cadiz Inc. [NASDAQ: CDZI] ("Cadiz"), a land and water resource development company with 45,000 acres in California's San Bernardino County, announced that the County Board of Supervisors voted yesterday to approve a Memorandum of Understanding (MOU) establishing the County's role in enforcing the groundwater management plan for the Cadiz Valley Water Conservation, Recovery and Storage Project. The Water Project proposes to provide an annual reliable water supply to Southern California communities by capturing and conserving thousands of acre-feet of native groundwater currently being lost to evaporation from the aquifer system beneath the Company's property in eastern San Bernardino County's Cadiz Valley. The MOU grants the County full enforcement authority over the Project's Groundwater Management, Monitoring, and Mitigation Plan (GMMMP), a key component of the Project designed to monitor aquifer conditions and establish measures to protect against impacts to critical desert resources.
Company pledges 50% of labor force and 80% of infrastructure spending for Cadiz Valley Water Project to County residents and businesses
Los Angeles -- Cadiz Inc. [NASDAQ: CDZI] (“Cadiz”), a land and water resource development company with 45,000 acres in California’s San Bernardino County, announced today a significant pledge to support County-based labor and materials upon implementation of the Company’s Cadiz Valley Water Conservation, Recovery and Storage Project (“Project”). As part of the Pledge, the Company has committed to purchase 80% of the materials necessary to construct the Project’s facilities from County businesses and to dedicate 50% of the Project’s jobs to County residents, including a goal of 10% for local veterans.
By Winston H. Hickox
Winston H. Hickox, former secretary of the California Environmental Protection Agency, is a principal with the consulting firm California Strategies. He is responding to the April 13 Viewpoints article, "Plan to tap groundwater for profit shows need for better state policy." That article stated: "The bottom line is that the project relies on unsustainable mining of groundwater, designed to extract groundwater at a rate exceeding natural recharge."
By Scott SlaterMarch 29, 2012
The following provides an overview of the Cadiz Valley Water Conservation, Recovery and Storage Project and offers a response to questions recently voiced in the online community about the science behind the Project. The Project is a Southern California water conservation project that would capture and conserve groundwater to provide a new, reliable water supply for approximately 200,000 individuals across the region per year.
Lines exhibit strong potential for water distribution and storage
February 29, 2012
Los Angeles -- Today Cadiz Inc. [NASDAQ: CDZI] (the “Company”) is pleased to update plans to purchase idle natural gas pipelines for conversion to water transmission, including a 220-mile pipeline owned by El Paso Natural Gas (“EPNG”) that originates south of Bakersfield, California and stretches into Cadiz, California, where the Company’s primary landholdings are located. The conversion of the EPNG pipeline, which could link the State’s water distribution network to Cadiz in several locations, may benefit the Company’s projects and landholdings and would create new opportunities for the movement and storage of water in California.
Los Angeles -- Cadiz Inc. [NASDAQ:CDZI] (the "Company") is pleased to announce today that Hannon Armstrong Securities, LLC ("Hannon Armstrong"), an investment bank specializing in the financing of essential infrastructure assets in the United States, including next generation water, energy and telecommunication projects, will lead the Company through the construction financing process for the Cadiz Valley Water Conservation, Recovery and Storage Project (the "Water Project"). The Water Project would provide a new, reliable water supply to Southern California residents by capturing and conserving groundwater currently being lost to evaporation from the aquifer system beneath the Company's 34,000-acre property in California's Mojave Desert.
Company’s Water Project Lead, Scott Slater, Joins the Board
February 16, 2012
LOS ANGELES, CA – Cadiz Inc. [NASDAQ: CDZI] announced today the appointment of Mr. Scott Slater to its Board of Directors. Mr. Slater, who is currently the Company’s President and General Counsel, has been added to the Board in recognition of his growing leadership role in the Company and his success in advancing the Company’s Cadiz Valley Water Conservation, Recovery and Storage Project (“Water Project”).
February 10, 2012
Today Santa Margarita Water District (SMWD), the Lead Agency for the proposed Cadiz Valley Water Conservation, Recovery and Storage Project (“Project”), announced that it has extended the public comment period for the Project’s Draft Environmental Impact Report (DEIR) an additional 30 days. The comment period will now conclude on March 14, 2012.
By Terry Foreman, PG, C.Hg., and Dennis Williams, Ph.D, PG., C.Hg.
January 31, 2012
The innovative Cadiz Valley Water Conservation, Recovery and Storage Project would enable water to be beneficially used in California by capturing water that is currently being lost to evaporation in the Mojave Desert. The Project is currently undergoing a public review under the California Environmental Quality Act (CEQA). As with any public process, opponents are entitled and encouraged to question CEQA documents and challenge a project's design or assumptions. However, many of the most vocal critics of the Cadiz Project have never visited the project area or reviewed any studies and rely instead on misinformation and assumptions that are simply incorrect, untrue and wrong.