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City closes on Ford Ranch purchase

Post Date:06/19/2017 3:01 PM

The City of San Angelo today closed its purchase of the Ford Ranch.

The City Council in November approved the approximately $44 million purchase of the 32,841-acre ranch, from which the City pumps water from the Hickory Aquifer. Once the ranch was marketed for purchase, the Council determined that buying the property was the surest avenue for protecting San Angelo’s stake in the Hickory, along with the $120 million investment made developing the aquifer as a source of drinking water.

The City will now proceed to methodically and meticulously shore up its legal rights to Hickory water before it considers marketing the property for resale at some future point.