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How Do You Identify Potential Purchases in Arizona?
In Arizona, it's critical to have an assured water supply. While 18% of the land in Arizona is private, only a small fraction of that actually has a hundred year water supply. There are areas that are known as certificate of assured water supply areas. Other areas have what's called a designated provider. And that might be a city, it might be a private water company. It's very interesting because it creates different incentives within those areas. So for example, a designated provider area, all demand counts towards that allocation. If it's industrial, if it's multifamily, there's a fixed amount of water and everything counts towards that total capacityWithin a certificate of assuredWaterSupply