How did the city's appraiser determine the "fair market value"?

A:

The process is complicated and there is a lot of information in the feasibility study posted on the city website, but the short answer is that they gathered all the information available about the Claremont part of GSW, including cost and profit numbers in American States Water annual reports, as well as other data, and then they determined a fair market value based on the income generated by the system.

The feasibility study was carried out by an accredited appraiser who is bound by law to develop an accurate and unbiased report. They included several graphs related to payback curves at different purchase prices. You can see these under the "Answers" tab above.

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