Press Release: Leading National Panel of Groundwater Experts Assembled to Ensure Sustainability of Cadiz Valley Water Project
Panel will review scientific basis for design and advise participants on the proposed Project’s operating and monitoring plans
RANCHO SANTA MARGARITA, CA and LOS ANGELES, CA (May 2, 2010) – Today Santa Margarita Water District (“SMWD”) and Cadiz Inc. [NASDAQ: CDZI] (“Cadiz”) announced the formation of a 13-member Groundwater Stewardship Committee (“GSC”) comprised of leading experts who will guide the design of an operating plan and mitigation and monitoring program for the Cadiz Valley Water Conservation, Recovery and Storage Project (“the Project”). SMWD is serving as the lead agency of the California Environmental Quality Act (“CEQA”) review for the Project, which proposes to provide a new, reliable water supply for SMWD and other Southern California communities by capturing and conserving thousands of acre-feet of native groundwater currently being lost to evaporation from an aquifer system located beneath Cadiz’s property in California’s Mojave Desert. The operating plan and monitoring program will ensure that the Project is both sustainable and not harmful to the desert and watershed environment.
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