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<br />RECORD OF PROCEEDINGS <br /> <br />ioo Leaves <br />, <br /> <br />C,'.o"",,.",," <br /> <br />THE CWCB LOAN PAPERS FOR THE $1,000,000.00 NT.HOME DAM REHAB PROJECT ARB IN AND <br />WILL BE REVIEWED AT TIIB DIRBCTORS RB-oRGANIZATIONAL HEETING THAT IMMEDIATELY <br />FOLWWS THE ANNUAL HEETING; THB 864 COMPANY SHARES DBSIGNATBD FOR USE ONLY BB- <br />row SMITH RESBRVOIR WAS AGAIN LEASED TO JERRY SMITH AND RODGER WAK/tSUGI FOR THE <br />1993 WATER YEAR. <br /> <br />DISCUSSION WAS HELD AMONG THE STOCKH.OLfJBRS IN REGARD TO THE NT. BOMB REHAB PRO- <br />JECT AND THB lOOt LOAN AT It IJ{TBRBST. JERRY SMITH HOVED TO APPROVE THB PROJECT <br />AND WAN, KEN KLUKSDAHL SECONDED THI HOTION AND THE HOTION CARRIED UNANIMOUSLY. <br /> <br />THE CASH AND AUDIT REPORT WAS REVIEWED AND DISCUSSION ITELD. DIFFERBNT AREAS OF <br />THE REPORTS WERE QUESTIONED AND EXPLAINED SATISFACTORILY TO EVERYONB. KEN KLUKS- <br />DAHL QUESTIONBD THB AMOUNT OF LEGAL FEES ANTICIPATBD FOR THB 1993 Y8'AR. IT WAS <br />EXPLAINED THAT IN LIGHT OF UPCpHING WATER CHALLENGES THE AHOUNT IS FEASIBLE WITlJ <br />SUPPORT FROM THE '1'RINCHERA WATER CONSERVANCY DISTRICT. JERRY SHITH MADE A MOTION <br />TO APPROVE THE CASH AND AUDIT REPORTS. BYRON KUNUGI SECONDED THE MOTION AND TilE <br />MOTION CARRIED UNANIHOULY. <br /> <br />THE 1993 BUDGET WAS PRESENTED FOR REVIEW AND DISCUSSION. THB BUILT IN RESERVE <br />WAS EXPIA1NBD, "FOR THE PURPOSE OF SETTING ASIDE F1,TNDS EARLY FOR THE 1ST WAN <br />PAYMENT ON THE FUNDING USED TO REHABILITATE HT. HOMB DAM. PRESIDENT TRACY KeSTER <br />RECOMMENDED THE $14.25 ASSESSMENT FEB FOR THB PURPOSE OF THB RESERVE FUND, SO AT <br />THE TINE THE 1ST PAYMENT IS DUE THE STOCKHOLDERS WOULDN'T BE HIT WITH AN IMMEDIATE <br />$2.60 IN. CREASE IN TOBIR ASSBSSHENTS. IN REGARD ro THB RESERVE IT COULD BE CARR- <br />IED FROM YEAR TO YEAR HAXING IT A LITTLE EASIER ON EVERYONE AS flEU AS COMPLYING <br />WITH THB CWCB RBQUIRBHBNT OF KEEPING 1 PAYMENT IN R$SERVE IN CASB OF COMPANY FIN- <br />ANCIllL DIFFICC/LTIBS, BOTH THB $14.00AND $14.25 ASSBSSHBNT BC/DGBT WERB REVIBWED <br />WITH THB ONLY D:tFFERENCE BEING IN THE AMOUNT OF MONIES IN Tl/B RESBRVE FUND. BOB <br />SMITH ALSO STATED THAT WITH THE CWCB LOAN, THE MASONRY OUTLET FLUMB AT HT. HOME <br />WOULD ALSO BE REFURBISHED. BYRON /([J]{UGI HADE A MOTION TO SEt THB ASSESSMENT AT <br />THE $14.25 PER SHARE FEE. BOB SMITII SECONDED THE HOTION AND THE MOTION CARRIED <br />UNANIMOUSLY. <br /> <br />PRESIDENT TRACY KESTER RECOMMENDED THE INTEREST RATE ON DELINQUENT ASSESSHBNTS <br />REMAIN AT 16t. BOB SMITH HADE A MOTION TO CONTINUE TIIIS PERCENTAGE RATE. ROBERT <br />~SPINOSA SECONDED THE MOTION AND THB MOTION CARRIED UNANIMOUSLY. <br /> <br />'1'IIE NEXT ITEM OF BUSINESS WAS TilE ELECTION OF A NEW BOARD KEMBER. TRACY TBIlNKED <br />BOB SMITH FOR SERVING ON THE lJOARD THB LAST FIVE YEARS. AFTER DISCUSSION IT WAS <br />CONCLUDED THAT BOB HAD SERveD A TOTAL OF 20 YEARS ON THE BOARD SINCE BECOMING A <br />STOCKHOLDER. THE FLOOR WAS OPENED FOR NOMINATIONS. BYRON KUNUpI NOMINATED JERRY <br />SMITH. THE PRESIDENT CALLED FOR FURTHER NOMINATIONS, TIIEm; BEiNG NONE, GLEN WIES- <br />CAMP MOVED FOR NOMINATIONS TO CEASE AND JERRY BE ELECTED BY ACCLA.M.ATION, BOB SMITH <br />SECONDED THE MOTION AND TilE MOTION CARRIED UNANIHOUSLY, JERRY SMITH '1'0 SERVE A 5 <br />YEAR TERM. <br /> <br />RESERVOIR GAUCE HEIGHTS: l!l'l'.HOMB 63' <br /> <br />SMITH 28.5' <br /> <br />TIUNCllERA SNOTEL REPORT: TOTAL PRECIP 13.6" <br /> <br />PILLOW WATER 13.0" <br /> <br />SNOW COURSE READINGS: <br />TRINCUBRJl <br />BROWN'S CABIN <br />LA VETA <br /> <br />DEPTH <br />47" <br />53" <br />52" <br /> <br />WAT8R CONTENT <br />11.1" <br />14.5" <br />13.1" <br /> <br />30 YEAR AVER. <br />6.0" <br />5.S" <br />8.1" <br /> <br />t OF NORMAL <br />163; <br />263; <br />161% <br /> <br />COMPANY SUPERINTENDENT, ERNEST CHAVEZ, GAVE THE ANNUAL DITCH AND LATERAL REpORT <br />STATING, ALL THE CONCRETE LINED DITCHBS WEllB IN GOOD CONDITION AT THE END OF THE <br />1992 IRRIGATION SEASON BUT WITH TilE AMOUNT OF SNOW ON THE GROUND AT THIS TINE BB <br />HAD NOT BEEN ABU TO JJRJ}!..E SPRING INSPECTION YBT_ 2 HEAJ)G/iTBS 8AD BEEN paT IN <br />PLACE IN LYLE SHITB'SIl.1JfST FALL FOR WATER GOING TO THE HANG P~CB AND THB NAKA- <br />SAWA FARM. A HBADGAPB BAD BBEN INSTALLED IN A COMPANY DITCH ON THE SXINK:LB PIKE <br />SO WATER COULD BE DIVERTED TO KATHLEEN GRIHWOOD WITHOUT CAUSING PROBLEMS FOR OTHER <br />USERS ON THAT OITeH. A 36" CULVERT HAY HAVE TO BE PUT IN THE NEWTON J)ITCH ON row <br />LANE TO TAKE CARE OF A WASH - OUT PROBLEM. THB COUNTY BRIDGB ON SMITH LANE AS WELL <br />