We reported on June 13, 2013 that consummate OC political insider Justin McCusker would be appointed to replace his pal Roger Faubel on the board of the Santa Margarita Water District. They demurred but today a press release was issued admitting that our inside source was right. You can bet that this guy will be a giant conflict of interest as he appears to be quite beholden to developers and no, we won’t be able to count on him to do the right thing.
BTW, Cadiz Inc. today reported their stock lowest price ever – they are working their way towards penny stock status. SMWD has spent more that the $1.6 mil (revealed on their SMWD website May, 2013 financials) on the Cadiz fiasco. Cadiz Inc. has a negative $125k in the escrow account. Now how much will San Bernardino be reimbursed from Cadiz or SMWD? San Bernardino is sinking $1.5 mil into attorney fees defending the Cadiz fiasco.
The SMWD rate payers are all aboard the SMWD gravy train headed for Dry Gulch. And you can bet McCuscker will be too. Here is the SMWD press release: Continue reading