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Bullboard - Stock Discussion Forum Greenbriar Sustainable Living Inc V.GRB

Alternate Symbol(s):  GEBRF

Greenbriar Sustainable Living Inc. is a developer of sustainable entry-level housing and renewable energy projects. The Company’s primary business is the acquisition, management, development, and possible sale of real estate and renewable energy projects. It operates through three segments: real estate development in the United States (Real Estate), solar energy projects in Puerto Rico (Solar... see more

TSXV:GRB - Post Discussion

Greenbriar Sustainable Living Inc > Water Entitlement Fees
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Post by shneps on Apr 03, 2024 8:42am

Water Entitlement Fees

As 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.
Comment by tylerreddick on Apr 03, 2024 9:34am
More questions than answers. Why I got out.
Comment by 889900 on Apr 03, 2024 10:48am
Okay..... so if you have no shares, and clearly are negative on the company why are you still constantly posting your bashing here ??? Your intent is clear, try to squeeze out cheap shares from scared shareholders. If your truely done with this Greenbriar, please go away and leave site for shareholders!!
Comment by tylerreddick on Apr 03, 2024 1:42pm
Nope
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