Laserfiche WebLink
<br />Chapter II - Description of Sponsoring Entity <br /> <br />The Company is a non-profit water company registered in the State of Colorado. The <br />Company was formed for the purpose of enhancing agriculture by delivering raw water to its <br />shareholders for irrigation. The subdivision has 160 homes and 67 of these homes are shareholders <br />of the Company. The Company has the power to take on debt and to pledge collateral for the debt. <br />The Company is not subject to TABOR. A board of seven directors manages the Company. The <br />directors of the Company are empowered to enact by-laws. Copies ofthe Articles of Incorporation <br />and Bylaws are presented in Appendix B. <br /> <br />The officers of the Company consist of President, Secretary, and Treasurer. The stock, <br />property, and business are controlled under the Board of Directors in accordance with the Charter of <br />the Company. The Directors of the Company are chosen annually from the shareholders of the <br />Company at an annual meeting. Meetings ofthe Board of Directors are periodically conducted and <br />must be attended by the President or Secretary and a majority of the shareholders of the Board to <br />constitute a qUOnlm for the transaction of business. <br /> <br />Assessments may be voted or levied upon the stock of the Company for defraying the <br />expenses or obligations of the Company. The assessment may be voted upon by the majority of <br />shareholders at their annual meeting or at any special meeting called for the purpose of assessing <br />assessments. Copies ofthe financial statements are presented in Appendix C. The Table II-I lists <br />the present board members for the Company. <br /> <br />Table 11-1 Board Members <br /> <br />Name <br /> <br />Position <br /> <br />Les Lieser President <br />Dwight Giles Vice President <br />Rick Haines Secretary <br />Tom Sahrle Treasurer <br />Dam Erbacher Board Member <br />Jim Freeman Board Member <br />Dale Richardson Board Member <br /> <br />Lake Arrowhead Dam Rehabilitation Feasibility Study <br /> <br />3 <br /> <br />13DVLE <br />