C15357 Feasibilty Study - Laserfiche WebLink

Home Browse Search

_'UIOI'O"O ...,_Ll.".HQ C:O. RECORD OF PROCEEDINGS RECEIVI;D , SEP 1 1 1996 f;' ...w_ ......-~.! . DE>:KER LATERAL COMPANY Feoruary 3, 1996 The Annual Stockholders Meeting of the Decker Lateral Company was called t~ ?r~~r ~J Bp~ Waf~~w, ~r~~~~!'!~t, a.t IH 11' ~. It W"-.iS moved and seconded that Bob WardlaW' act as Chairman and Donn Engel as Secretary. The motion carried. It was moved and seconded tha t Donn Engel ac t as the Proxy Comnit tee, The motion carried. He reported 168 shares were represented in person or by Proxy, which constituted a quorum. Minutes of the last meeting were read and approved as read. It was moved and secon1ed that the financial statement be accpeted and placed on file. The motion carried. . It was reported that the box at Grady Oyer's place was repaired and is not leaking like it was before the repair job. ' 'Bob Wardl"w gave a report regarding the bottom part of the ditch from where the Graham and Decker laterals split, He said the ditch is in had sh,p" and they have a lot of shinl<age. He reported that there are three differe<1t ways for the ditch company to deliver water to. these people. Thay are as follows: . 1. Shrink the rights up and down the ditch system so the people at the bottom get as much a" the people at th. top. 2. Clean and repair this stretc.'1 cif ditCh' by 'filling 'in the:,washouts' and ri~k-rack the sides. This would cost between $10,003 a,i $12,000. 3. Concrete lining the bot tom part of th" :!itch, brealtiog from th" lJ<,cker Lateral, and forming a new company. To fO!:ln a new company, "they woUld need '$25 per ~hare"'in start' up -fees for the 83 shares w:,ich are owned by those on the lower part of the ditch. IIob is having the NiC office check out the cost of the ditch. /Ie reported they might go for 50 percent of the cost, but the county only has $160,000 for the whole county. At this time, we don't lmow what percent of the cost the ASC office can help with. One contractor had a bid a $136,000, so if the ASC office woUld pay 50 percent, it woUld cost the shareholders each $821 per share or $3284 for an 8D-acre farm. 'The 'Colorado \Vater Conservation Board could give a loan for 4% percent for 30 years for the balance. The figure of $136,000 is not the figure':the ASC ciffice has come up with. They still have to do their study. Some of last years problems were caused by the weather because of the lack of weed control. By concrete lining the ditch, a large amount of water would be saved. This might be the last year for a share-cost from these funds. The Decker starts at Oyer's place and goes to Hwy 392. If the ASC office does the project, all new boxes might have to be il1Btalled. After a lenghty discussion, is waa moved and seconded to let the Lower Diviaion break off from the Upper Division if they so desire. The motion carried. This spli t is where the Decker and Graham spli t. It was moved and seconded that the Lower Division be responible for whatever expenses they incur in breaking off of the main ditch. The motion carried. , It was felt that the Lower Division people would atill be required to pay all assessments on the main Decker. It was moved and Beco~ded to keep the 1996 irrigation assessments at $20 per share. The motion carried. . It was reported that places need to be leveled out or removed where the di tch was cleaned through the lIaughen place.