Court Upholds Water Utility

Business Valuation UpdateVol. 3 No. 5
Legal and Court Case Update
May 1997

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4941 Water Supply
221310 Water Supply and Irrigation Systems
condemnation
market approach
Rangeley Water Company v. Rangeley Water District
1997 ME 32, 691 A.2d 171, 1997 Me. LEXIS 32
February 28, 1997
US
State Court
Maine
Supreme Court
Lipez

Summary

The Water District exercised its power of eminent domain on Jan. 22, 1993, paying $262,000 for the Water Company's assets.

See Also

Rangeley Water Company v. Rangeley Water District

Full Text of Court Cases
February 28, 1997

At issue is the referee's valuation of the assets of the Water Company and his inclusion of the Lakehause water line as a Water Company asset.