Laserfiche WebLink
Sanchez Ditch and Reservoir Company <br /> RR1 Box 215 <br /> San Acacio, Colorado 81151 <br /> SPECIAL STOCKHOLDERS MEETING <br /> Call to Order: The Sanchez Ditch and Reservoir Company held a special stockholders meeting <br /> in the company office in San Acacio, Colorado on Monday, the 4th day of August 2014 at the <br /> hour of Ten o'clock (10:00 A.M.) in the morning for the purpose of an additional loan <br /> request for the Rehabilitation Project. <br /> A quorum was established by present or proxy : 14,367.116 or 65.93%. <br /> Meeting was called to order by President Jerry Lorenz. <br /> Invocation and Pledge of Allegiance was given by Travis Robinson. <br /> Tower Project and Loan: Manager Travis Robinson gave a report to those present about the <br /> tower rehabilitation project. He spoke about the bids and changes to the designs. A company <br /> from Salida, Colorado has been awarded the bid. Currently, we are$250,000.00 short based <br /> on the designs and bid. A loan request is needed to proceed. There will be a$0.10 per share <br /> increase in the stockholders assessment. Also, a 40 year loan is projected instead of the 30 <br /> year loan and the interest rate will increase from 1.75%to 2.0%. <br /> Questions: A few questions about the commencement of the project. <br /> Vote on loan increase: Robert Oringdulph moved by acclamation to approve loan request and <br /> Jack Carter seconded. Motion carried unanimously. <br /> Sanchez Ditch Board is hereby authorized to enter in agreement with the Colorado Water <br /> Conservation Board (CWCB). <br /> Tom Caldon moved to adjourn meeting and Keith Caldon seconded. Motion carried Meeting <br /> adjourned at 10:40 a.m. <br /> APPENDIX D <br />