Proposed agreement could boost funds to fix Friant-Kern Canal
In what was hailed as a “landmark agreement,” farmers in an area of southern Tulare County blamed for sinking the Friant-Kern Canal from excessive groundwater pumping will chip in a hefty amount to help pay for a fix.
How hefty could be decided by their payment choice.
A longer term payment option would be $200 million.
But a lump sum option could cost only $125 million, a 37.5 percent discount, according to a proposed settlement agreement between the Eastern Tule Groundwater Sustainability Agency and the Friant Water Authority.