While the California American Water Co. has repeatedly said they have no plans to sell their water system that serves much of the Monterey Peninsula, the local water management district board of directors is considering using eminent domain to take over the system. The public will get a chance to weigh in on that possibility at 5:30 p.m. Oct. 10 in a hearing in the Irvine Auditorium at the Middlebury Institute of International Studies, 499 Pierce St., Monterey. … The resolution of necessity would entail taking by eminent domain the Monterey water system, which is currently privately owned, operated and held by Cal Am. If approved, the water system would be converted to public ownership and controlled by the Monterey Peninsula Water Management District.