CATEGORY: Tippah County
City to acquire rural water association
RIPLEY – The city of Ripley is in the process of acquiring the New Hope-Buena Vista Water Association.
The Ripley Board of Aldermen voted to take over the water association earlier this month at the request of the association’s Board of Directors.
The acquisition must be approved by the Public Service Commission, which regulates water service, and the Farmers Home Administration, which holds a mortgage on the rural water association. Ripley Mayor Lewis Davis said application for approval has been made and is just a formality.
FmHA holds a $202,000 mortgage the water association used to set up the system in 1978. About $153,000 remains on the loan.
The association, with 38 miles of service line, serves 291 customers, some who live inside Ripley.
When the acquisition is approved, the city will take over the operation and make it a part of the Ripley water system. Mayor Davis said customers will not be affected. There will be no change in water rates.
Ripley has been providing water to the New Hope-Buena Vista Water Association for a number of years, Davis said. The association originally had its own well and tank, but after experiencing problems with equipment began buying water from Ripley.
Jane Clark Summers