PROJ00504

• Contract/PO #: C153334
• Contractor Name: Henry Waneka Mutual Reservoir Company c/o City of
• Contract Type: Loan
• Water District: 6
• County: Boulder
• Bill Number: FSA
• Loan Projects - Doc Type: Feasibility Study

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limit the purpose further prohibiting a profit from storing or

carrying the water. Therefore, the sole source of income is the

assessment of the stockholders for operating and maintenance costs,

and occasionally for minor capital improvements.

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There are currently 714 shares of Class-A stock and 174.99 shares
of Class-B stock (see Chapter-IV) issued by the Company. Assessments
against the Class-B stock can only be levied for items pertaining to
the Goodhue Ditch. Therefore, the stock that can be assessed for
improvements to the dam is limited to 714 shares. There are currently
three stockholders (Class-A) of which the City of Lafayette holds the
major portion. Whereas the City can meet the requirements of a large
per-share assessment, the financial burden on the other stockholders
would be prohibitive. Therefore, the amount of revenue that can be
generated for the dam improvements from stock assessment is limited.

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