DOÑA ANA COUNTY PURCHASES STSC STOCK, IS POISED TO ASSUME OWNERSHIP

DOÑA ANA COUNTY PURCHASES STSC STOCK, IS POISED TO ASSUME OWNERSHIP

A transaction authorized by the Doña Ana County Board of Commissioners will – upon approval by the bankruptcy court and the New Mexico Public Regulatory Commission – transfer the ownership of the stock of Santa Teresa Services Company from the Crowder bankruptcy trustee to Doña Ana County.

The $350,000 transaction was approved Aug. 27 by a majority vote of the Commission after a lengthy closed session to discuss the deal. Assuming approval by the bankruptcy court and the PRC, Doña Ana County will transfer funds to the Crowder bankruptcy trustee within the next several weeks and take over ownership of the utility stock.

“This action by the Board of Commissioners represents an investment in the security of the county residents who rely on STSC for their wastewater service,” said Commission Chairman D. Kent Evans. “These residents have no representation in the City of Sunland Park, and we’re sending a strong message that the county will not let these residents become pawns in a political struggle. They deserve reliable service from a utility that can grow and be a tool for economic development in the area. The county is in the best position to ensure that this happens, and we’re committed to doing so.”

Under a disputed condemnation proceeding, the City of Sunland Park will continue to operate the utility until an appellate court makes a determination on the validity of the condemnation claim.

If the court rules in favor of Sunland Park, then the county – as owner of the utility – will receive more than $2 million which is on deposit with the court registry as payment in full for ownership of the utility.

If the court overrules the city’s condemnation or rules that the condemnation has been abandoned, then the county will assume control of the utility and immediately begin to operate it as part of the county’s multi-million dollar utility infrastructure in the south valley.

For more information, call county Public Information Director Jess Williams at (505) 647-7229. Residents calling from outside the Las Cruces area may call toll-free at 1-877-827-7200 and request extension 7229.