Shareholders Discussing Crestview Mutual Water Co.
When all board candidates are known (week of June 13), Crestview Watch plans to interview them all by email. Below is our first draft of questions. What else should we ask? Put your suggestions in comments or email Editor@CrestviewWatch.org.
The board has asked shareholders to reduce consumption by 20-25% immediately so that Crestview will not have to buy any imported water this year. By avoiding imported water, we will not have to comply with State-mandated conservation measures like watering only once weekly. However, the critical Well #4 pump-lowering project … Read more
Reported here, the board is struggling with whether proxies will be voted by the president and secretary acting together or by the whole board acting as a group and whether self-nominated candidates will be on the official proxy form or not. A new board packet for the June 2 … Read more
At the May 26 meeting Sol Chooljian challenged the board to remove him as president if they did not like the draft proxy form naming him and the secretary to exercise their discretion about how proxies are voted. Last year, the whole board had that power.
A shareholder pointed out … Read more
Shareholders should weigh in on whether directors should hand pick their successors this year or hold an open election. Everyone who has been a director in the 21st century has been appointed by the board to fill a vacancy created by a director’s resignation. However, there have been signs … Read more
On June 6, Crestview plans to mail to every shareholder FY2021 financial statements that clearly do not comply with state law. For the legally-required annual report reviewed by the CPA firm and containing all necessary adjustments and disclosures, shareholders are referred to a website, where that report does not exist—at … Read more
We 625 shareholders own valuable rights to the groundwater under our feet. Without those rights—and Crestview doing the pumping—we would have to buy all our water from northern California. We would have severe shortages and sky-high rates—and Crestview would be absorbed by Camarillo or Cal-American.
The only reason Crestview exists … Read more
The Crestview board delayed for four years lowering the pump in Well #4 just so they could say we needed Well #7 because Well #4 was “going dry.” That cost us about $365,000 extra in 2021 to buy imported water that Well #4 would have pumped with a lower pump.… Read more
A delay in the Well #4 project will probably require Crestview to start buying this month imported water that costs ten times as much as pumped water. This can be avoided only if shareholders immediately get on board with Crestview’s new mandatory conservation plan. Let’s all adjust our sprinklers … Read more