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Greenbriar Sustainable Living Inc V.GRB

Alternate Symbol(s):  GEBRF

Greenbriar Sustainable Living Inc., formerly Greenbriar Capital Corp., is a developer of entry-level sustainable housing, renewable energy, green technologies and sustainable investment projects. It is primarily involved in the acquisition and development of wind and solar energy farms in the United States and renewable energy projects in Canada. It is focused on its three primary projects: Sage Ranch Project, Montalva Solar Farm and Alberta Solar Project. Sage Ranch Project is a 1000-unit entry-level sustainable residential community located in California. It is a Greenbriar sustainable residential community, which is a 138-acre site located between the parallel arterial roads of Valley Boulevard and Pinon Street near Downtown Tehachapi. Montalva Solar Project is a 320 MW DC and 160 MW AC photovoltaic electricity generating solar facility located in the municipalities of Guanica and Lajas, Puerto Rico. Alberta Solar Project is a portfolio of projects totaling 400MW in Alberta, Canada.


TSXV:GRB - Post by User

Post by shnepson Apr 03, 2024 8:42am
123 Views
Post# 35967160

Water Entitlement Fees

Water Entitlement FeesAs I have previously mentioned, I always found it very odd that the developer is only required to supply the water rights they have until the water rights are fully utilized. Any further required water can merely be purchased from the City.
Looking into this further I came across the following "Water Entitlement Fee Study" from the City of Tehachapi.

https://www.liveuptehachapi.com/DocumentCenter/View/5451/Water-Entitlement-Fee-Study-2020-PDF

Noting this following statement seemingly contradicts the required per acre feet per dwelling compared tto the Water Assessment Report for Sage Ranch.

"The supply is to be no less than onehalf acre foot (AF) of water for each equivalent dwelling unit."

Sage Ranch has 995 Dwelling Units multiplied by 0.5 AF equals 498AF required as per City Municipal Code Section 13.08.020 Water Rights and Water Entitlement Fee schedule.
As only 66% of each AF of an actual water right is pumpable that would mean the project actually requires 755AF to meet the Municipal Code.

According to the WSA the project requires 350AF with Greenbriar supplying 175AF and the City supplying the remainder.
Is this not less then half of what the City's own ordinance requires.

Please correct me if I'm wrong but that certainly appears to me how it reads.
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