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June 17,
2005
Districts Study Merger Possibilities
Olympus Terrace Sewer District and Mukilteo Water District have decided to study the potential benefits and issues of a possible merger or consolidation of the two organizations into one sewer and water utility, or alternatively, consider enhancing service and cost savings potential through some form of joint-operating agreement. The two Districts have executed a Memorandum of Understanding toward a cooperative and friendly approach to evaluating the options and potential impacts of changing the governance structure of providing water and sewer services to the majority of City of Mukilteo residents and businesses, as well as some current customers located outside city limits. The two districts have retained the financial and management consulting firm, FCS Group of Redmond, WA to perform the study. FCS Group was formed in 1988, and serves local governments in 8 states on matters of utility rates, capital financing, governance and management. FCS Group’s Study Principal will be David W. Findlay CPA, CMC who has over 30 years of direct and specific experience with water and sewer utility acquisitions, mergers and divestitures, primarily in the states of Washington, Oregon and Nevada. The study and decision making process will be implemented in phases, starting with the management study phase beginning in June 2005. The elected commissioners will then consider the information, analyses, findings and conclusions, and decide whether to continue with the process.