San Bernardino County pays off water company debt

The Board of Supervisors unanimously approved today a request by 3rd District Supervisor Neil Derry to finalize the takeover of the Arrowhead Manor Water Company. 

A total of $1,220,520 -- allocated from the Special Districts Revolving Loan Fund, 3rd district discretionary funding and county contingency reserves -- will repay loan debt to the California Department of Water Resources in the amount of $910,520, and $310,000 in closing costs and other related charges to acquire the water company. 

The Arrowhead Manor Water Company will change to the Cedar Glen Water District upon completion of escrow.