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)..March 29, 2000
BIRMINGHAM UTILITIES, INC.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Exact name of registrant as specified in its charter)
Connecticut 0-6028 06-0878647
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
Incorporation)
230 Beaver Street, Ansonia, CT 06401-0426
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (203) 735-1888
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Former name or former address, if changed since last report)
Page Two
Item 5. Other Events.
On March 29, 2000, Birmingham Utilities, Inc. (the "Company")
announced it entered into an agreement with Toll Bros., Inc. ("Toll
Bros.") for the sale of approximately 322 acres of excess water company
land in the Town of Seymour, Connecticut for $4,320,000. The land
consists of two tracts on Cemetery and Holbrook Roads. Parcel A is 245
acres and Parcel B is 77 acres. Of the total purchase price, $3,294,000
is allocated to Parcel A and $1,026,000 to Parcel B.
The sale is subject to the Company obtaining the approval of the
Connecticut Department of Public Utility Control ("DPUC"). The Company
expects to apply for such approval within 45 days. Although the Company
cannot predict whether or not the DPUC will approve the transaction,
management has no reason to believe that such approval cannot be
obtained.
The sale of Parcel A is also conditioned on Toll Bros. being able
to obtain various land use approvals for the development of Parcel A
for not less than 175 single family "active adult" residential units,
and the sale of Parcel B is conditioned on the same approval for not
less than 53 units on Parcel B. The Company cannot predict whether or
not Toll Bros. Will be able to obtain such approvals, but it has not
reason to believe such approvals cannot be obtained.
The agreement calls for a closing on Parcel A on or before March 1,
2001 and a closing on Parcel B on or before June 1, 2001.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has caused the report to be signed on its behalf by
the undersigned hereunto duly authorized.
BIRMINGHAM UTILITIES, INC.
(Registrant)
Date: March 31, 2000 By: \ s \
John S. Tomac, President
