Shareholders Discussing Crestview Mutual Water Co.
Only 808.1 shares were present in person and by proxy at the annual meeting of shareholders called for May 20, 2026, not even close to the 1,253.4 shares needed for a quorum. So, there was no official meeting, election of Directors, or other votes, but the gathering did become a Continue reading There was no annual meeting because there was no quorum, but the informal meeting was informative.
Crestview’s grant application to the State Water Resources Control Board (“SWRCB”) for technical assistance to plan Well #7 was denied because all of the money available in 2026 has been committed. So, Crestview will file an SWRCB application for a low-interest loan for the same purpose. This action by the Continue reading The Board authorized a loan application for planning and designing Well #7 at 191 Alviso, and received updated costs for Well #7.
At its January 27 meeting, the Board authorized the Company’s submission of an application to the State Water Resources Control Board (“SWRCB”) for free Technical Assistance in planning for Well #7, refurbishing the Treatment Plant, and equipment to convert from chlorine disinfectant to chloramines. According to Vice President Alma Quezada’s Continue reading Crestview to apply for planning grant and construction loan for Well #7.
The Board’s budget discussions make clear that Crestview needs one emergency generator to comply with the new legal requirement for a backup source of water for wells idled by power failure in a wildfire emergency, but compliance will not require a new well. New General Manager Gil Borboa and Superintendent Continue reading Crestview must add one emergency generator; other capital projects being considered. (Repost from December 22.)
The Board’s budget discussions make clear that Crestview needs one emergency generator to comply with the new legal requirement for a backup source of water for wells idled by power failure in a wildfire emergency, but compliance will not require a new well. New General Manager Gil Borboa and Superintendent Continue reading Crestview must add one emergency generator, but discussion continues on other capital spending.
On November 25, the Board adopted an operating expense budget for the fiscal year ending November 30, 2026, but it postponed decisions about budgeting for capital spending, cash reserves building, and rate increases. Staff will provide additional information about capital projects at the next meeting and more financial planning information Continue reading Board adopts operating expense budget, postpones capital budget, and foreshadows substantial rate increase.
Revenue must go up to buy imported water to replace this year’s smaller pumping allocation, because less rainfall is projected, and because the capital budget is much larger. The average billing rate will increase because each Tier is reduced from 8,000 to 7,000 gallons per share per month. All changes Continue reading Expense budget and water rates increased December 1, 2024
In the last 47 years, only in 1991 did Crestview sell less water than it did in the fiscal year ending November 30, 2023. Unit sales were 32 percent, and revenues were 43 percent, under budget because of the extraordinary amount of rainfall. Aware that FY2024 could also be very Continue reading Record low water sales in 2023 drives cautious spending budget for 2024.
In the recent election all Board members serving as Officers were reelected, except for Secretary Roger Whitlock. At the August 29 Board meeting, new Director Steven Muro was unanimously elected Secretary. These are now Crestview’s Officers: President: Frank Mezzatesta Vice President: Alma Quezada Secretary: Steven Muro Treasurer: Laurie Bennett Continue reading In only change of Officers, Board elects Steven Muro Secretary. Finances, status of Well #8, and pumping allocations were discussed.