BOARD00245

• Board Meeting Date: 9/19/1991
• Description: Agenda or Table of Contents, Minutes, Memos
• Board Meetings - Doc Type: Meeting

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CRYSTAL LAKES
WATER & SEWER ASSOC~TION

POST OFFICE BOX 158 . RED FEATHER LAKES. COLORADO 80545 . [phone]

July 29, 1991

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G. Keith Eberhardt, P.E.
Supervising Vater Resource Specialist
Colorado Vater Conservation Board
1313 Sherman Street, Room 721
Denver, Co. 80203

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Dear Keith,

Per our telephone conversation of July 26, 1991, the following information
is submitted in support of the Crystal Lakes Vater and Sewer Association's
ability to finance Upper Lone Pine Lake.

Enclosed are the fOllowing documents:

1. The last two (2) Association audit reports - FY 88-89
Associations fiscal year runs from June 1 through May 31.
90-91 will be conducted in October or November 1991.

and FY 89-90. The
The audit for FY

2. A copy of the May 31, 1991 financial statement, i.e. an unaudited year
end for FY 90-91.

3. A copy of the Articles of Incorporation and By-Laws for the Association.

4. A copy of the Amended Master Declaration for the Association. This
document specifically gives the Board of Directors its assessment authority
and collections authority.

In summary, the Association is a Colorado nonprofit corporation with over
1400 active members. Each member is presently assessed $90.00/year and
improved properties are assessed an additional $35.00/year. The Board of
Directors has the authority to assess additional dues and is dedicated to
the completion of Upper Lone pine Lake. The membership has been notified
that additional assessments will be imposed soon in order to finance this
project. The Association presently has the funds to finance it's one-half
of the feasibility study and after review of that study will take the
necessary measures to ensure funding for the project.

Sincerely,

Richard G. Rosecrans

:enclosure