UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 17, 2009
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SJW Corp.
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(Exact name of registrant as specified in its charter)
California 1-8966 77-0066628
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
110 W. Taylor Street, San Jose, California 95110
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(Address of principal executive offices) (Zip Code)
(408) 279-7800
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Registrant's telephone number, including area code
Not Applicable
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under
the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On November 17, 2009, SJWTX, Inc., a subsidiary of SJW Corp.,
entered into an Assets and Water Systems Purchase Agreement (the
"Agreement") with Bexar Metropolitan Water District, a
conservation and reclamation district and political subdivision
of the State of Texas("BexarMet").
At the time of execution of such Agreement, SJWTX, Inc. will pay
approximately $1,304,213 to BexarMet and acquire (i) a 56%
interest in the BexarMet 16" pipeline that is approximately
seven miles long and that supplies water to both SJWTX, Inc.'s
and BexarMet's service areas in Comal County, Texas, and (ii)
that interest that is required to bring SJWTX, Inc.'s interest
up to approximately 45% in two water tanks and a connecting
pipeline and up to 56% in another water tank and other related
assets in Comal County that are already jointly owned with
BexarMet. All such assets will be referred to below as the
"Shared Assets".
SJWTX, Inc. will acquire an additional 24% ownership interest
in the Shared Assets over a four year period for an aggregate
amount of approximately $1,471,853, payable in quarterly
installments.
Pursuant to the Agreement, on or about October 1, 2013, SJWTX,
Inc. will file with the Texas Commission of Environmental
Quality ("TCEQ") for permission to purchase from BexarMet four
public utility water distribution systems, including twelve well
sites, one wastewater system, and associated real and personal
property, all located in Comal County, Texas. Following the
satisfaction of certain closing conditions, including obtaining
TCEQ approval, SJWTX, Inc. will purchase such additional assets
and BexarMet's remaining 20% interest in the Shared Assets for
approximately $1,243,067 plus an amount equal to $1,800 per
retail potable water and wastewater customer connection then
active in each of the four public utility water distribution
systems.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
SJW Corp.
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November 17, 2009 /s/ David A. Green
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David A. Green,
Chief Financial Officer and
Treasurer