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Pure Water Defaulted 07/03/19B 17:52 S.S.

A  deadline  on  a  water  purchase  agreement  with  Cal-Am  Water wasn’t  met  this  week,  and  that  means  that  the  recycled  water  project  known  as  Pure  Water  Monterey  is  in  default.   That  means  that  Cal-Am  could  exercise  it’s  right  to  terminate  the  agreement,  but  Cal-Am  has  decided  not  to  do  that….yet.       The  agencies  backing  the  project  now  say  they  expect  water  to  be  delivered  by  September  or  October.

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