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4-Traders Homepage  >  Equities  >  Nyse  >  Aqua America Inc    WTR

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Aqua America : Stark County commissioners approve water deal

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08/17/2017 | 03:18am CEST

Aug. 17--Wednesday meeting

KEY ACTION

Approved a 20-year agreement between the Stark County Sanitary Engineer's Office and Aqua Ohio to provide water to most of Lake Township in the Stark County Metropolitan Sewer District.

DISCUSSION

The rates start off at $2.85 per thousand gallons of water the first four years of the agreement and eventually will rise to $3.85 the last four years of the deal. The meter charge would be about $284 a month and would rise to about $317 a month. Aqua Ohio would pay a reimbursement of up to $25,000 to the county if the county demolishes the Pine Street NW elevated storage tank within the first four years of the agreement.

OTHER ACTIONS

--Rescinded approval of two lease agreements between Adult Probation Intensive Supervision Probation and Liberty Ford. Adult Probation was going to lease two 2017 Ford Fusions from Liberty, but the county's purchasing manager, Jean Young, said Ford no is longer issuing leases available to the county that were not lease-to-own arrangements. Because the department doesn't want to own the vehicles, it asked the commissioners to rescind the agreements.

--Set the date for the public auction of unwanted county property and equipment for 10 a.m. Oct. 14 at the Stark County Garage, 1801 Mahoning Road NE, Canton. Whipple Auction and Realty will provide services for 5 percent of auction proceeds with a minimum of $1,500.

--Approved renewing the agreement from Sept. 1 to Aug. 31, 2018 with Canton Business Machines to maintain computers for the county's IT department for $46,375 under a one-year renewal option as part of the county's two-year agreement with the company that began in 2015.

--Approved an agreement with the city of Canton to allow the city to keep its IT equipment in the county's IT center.

--Awarded the Stark County Sheriff's Office project to Mid-West Telephone Services for $35,249.

UP NEXT

Meets 10 a.m. Tuesday for the monthly financial update from Stark County Auditor Alan Harold and Stark County Treasurer Alex Zumbar and a meeting of the Investment Advisory Board at the Central Plaza office building.

-- ROBERT WANG

___

(c)2017 The Repository, Canton, Ohio

Visit The Repository, Canton, Ohio at www.cantonrep.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2017 838 M
EBIT 2017 335 M
Net income 2017 240 M
Debt 2017 1 982 M
Yield 2017 2,39%
P/E ratio 2017 24,86
P/E ratio 2018 23,48
EV / Sales 2017 9,52x
EV / Sales 2018 9,13x
Capitalization 5 998 M
Chart AQUA AMERICA INC
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Aqua America Inc Technical Analysis Chart | WTR | US03836W1036 | 4-Traders
Technical analysis trends AQUA AMERICA INC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 35,2 $
Spread / Average Target 4,3%
EPS Revisions
Managers
NameTitle
Christopher H. Franklin President, Chief Executive Officer & Director
Nicholas DeBenedictis Non-Executive Chairman
Richard S. Fox Chief Operating Officer & EVP-Regulated Operations
David P. Smeltzer Chief Financial Officer & Executive Vice President
Whitney S. Kellett Chief Information Officer
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