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. 1:.3 1c"4 1 _ ,~_ The annual meeting of The Farmers Extension Ditch Co. was held on the ab~ve date pursant to the folling notice: February 3, 1984 The annual meeting "d.' The Farmers Extension Ditch Co. will be held Saturday ~~arch 3, 1934 at 2:00 PH at the Firehouse in JOhnsto;1n, Colorado for the purpose of el- ecting a Board of Directors for the ensuing year and for the transaction of any other business that may properly come before the Qeeting. The meeting was called to order by President Glen Anderson. resented in person or by proxy. A quorum was declared. The ~e3ting and the financial report were read and. approved. 340.1 shares wewe rep- minutes of the 1933 Glen Alderson explained the objectives and costs of the ditch lining project. Because of inclement weather work was halted in the Fall but will begin again as soon as possible this Spring. The ASCS Office had some ret\1~ned monies which they then allocated to the Ditch for completion of the project.-$177.503.00 Estimated cost of Phase V is$355,000.OO. The Assessment will be $302.23 tnth a pay- back of $252.62 per share. Estimated cost on Ehase VI is $383,OOO.OO-AsCS co~witment $177,503.00 with a hoped- for carry-over from Phase V of $19,633.00. Estimated Cost on Phase VII is $ 500,000,00. The cost through Phase VII will be about 1.5 million dollars. The yearly operating assessment will be $49.61. The motion to approve the assessments and the 1934 budget was moved by Mr. McCarty with a second by Albert Stroh. This motlon passed unanimously. The 100 yard crack in caulking preperation. necessary to continue the ditch north of Mead was repaired with a new rubberized Because of continQous expansion and contraction it ~~y be to use this through the up-cmmng years. The new engineer will work with the individual farmers to try and incorporate their ideas on possible improvements as the work is done on their farms. Shrink and seep should be diminished once lining is complete. Steve Olmstead reported that only minor repairs and tree removal ;nll be required this Spring. Steve was applauded for his efforts and for keeping expenses under control. A back-up person for the superintendent will be considered. Steve will contact a gentleman who may be mnterested and explain the procedures to hi~. An office for Highland Lake Ditch and its subsidiaries \-Jill be opened at Sekich Equiptment.. The City of Lbngmont pays $12.00 per acre ft. and 10% shrink to Highland Lake Lat- eral for water run. The Board is in the process of insuring the laterals from Hoghland Lake dmm. They are checking with two companios at this time. Also the Colo. Water Conser- vation District is considering an inclusive policy into which all laterals could p~y. They are lool:ing for at least a 1 million dollar liability coverage. With a motion.nby De.nnis ,See\{ald a.'1d.a second by Herb Hansen 'it:was unanimously"'" moved to reel~ct the current Officers for the coming year. Glen Anderson, Pres. Robert Stroh, V. Pres. and Delbert Spa~r,V~mber~at Large; Several share-holders complimented the Officers on the fine job being dODe. Their being no further business to come before the board the meeting was adjourned. Beth vlhitmore, Sec.