MWD Extends Greenland Farm Lease On Diamond Valley Lake Property

The Metropolitan Water District of Southern California does not currently use a 72.5-acre parcel which was acquired to construct MWD’s Diamond Valley Lake reservoir. Five years ago MWD leased that parcel to Greenland Farm Inc., and a MWD board vote extended the lease, Sept. 11. The lease will be on a year-to-year basis through 2023. During the 2018-2019 lease term Greenland Farm will pay the water district $14,137, and the lease includes a 3 percent annual rent increase. The year-to-year basis allows MWD to end the lease before 2023 if the water district needs the land for reservoir or other use, and termination for cause can be given with a 30-day notice.