Desert groundwater agency to pay $8,500 per acre foot for valley water rights
The Indian Wells Valley Groundwater Authority in eastern Kern County has signed a “letter of intent” to buy the rights to 750 acre feet of state water for $6,396,000 from a State Water Project contractor in Kings County. The purchase is part of the authority’s plan to bring that overdrafted groundwater basin into balance. The seller is Utica J.L.J. LLC, which purchased the Jackson Ranch and is developing a truck stop and industrial center on 400 acres at Utica Avenue and Interstate 5, just south of Kettleman City.
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