creating own utility company - ever done it?

[Jennifer Minge]

I run a quasi HOA group for quad owners in my area. Most of the quads are master metered for water. All owners have horror stories of getting $1k water bill one month.

We have talked to county water dept about getting meters for our units and then having pipes run to each individual unit. Well we have an impassee with people at water dept that want $2.5k for environmental study for water and another $2.5k for sewer etc. We argue this is not new construction so it is not required.

At our recent meeting we broached subject of creating our own utility company by creating an LLC that will install meters in each unit and bill the tenant.

Anybody got experience in doing this?