Shareholders Discussing Crestview Mutual Water Co.
Consulting General Manager Robert Eranio advised the Board today that he is retiring as of the end of August. He announced this at the end of his General Manager’s report in the public part of today’s Board meeting. There were no announcements about a successor or a transition plan. Mr. Continue reading General Manager announces retirement.
Treasurer Laurie Bennett reported to the Board on March 22 that she has arranged to have our large deposits at Pacific Western Bank moved into insured certificates of deposit under the FDIC’s CDARS or IntraFi program, as of March 23. General Manager Robert Eranio is working with Community Bank of Continue reading Crestview’s bank deposits moving to insured accounts; and we have “banked” 100 acre-feet of groundwater so far this water year.
The Election Manual and the Board Proxy form discussed at the January 23 meeting was discussed some more at the February 23 meeting and adopted with three amendments: Mailed proxies must reach the Inspector one week before the Annual Meeting (instead of two weeks as originally proposed). It was made Continue reading Board adopts new Election Manual to govern annual shareholder meetings.
The Board will discuss and vote on an Election Manual and Proxy form at its Thursday, February 23, meeting. The Board discussed an earlier draft, as reported here. The only revision is to allow Shareholders to use their own proxy forms meeting certain requirements. The provisions evoking concerns that new Continue reading Board to vote on Election Manual February 23 at 6:00 p.m. in-person meeting.
Shareholders get more flexible comment guidelines. Each shareholder will be allowed 3-5 minutes to address a Board meeting, but the presiding officer has discretion to shorten time if there are many speakers or to cut off speakers talking “too long.” The president can also allow more time. Shareholders may divide Continue reading New procedures for shareholder participation in Board meetings.
After a long discussion among shareholders, President Frank Mezzatesta, and legal counsel about the draft Election Manual and Proxy Form, the Board agreed with Mezzatesta’s suggestion to continue the matter to another meeting and meanwhile to revise the draft. Most of the comments were on the question whether the changes Continue reading President vows to resign if no quorum at annual meeting. Election Manual to be revised before Board vote.
In order to avoid repeating the messiness of the June 2022 shareholders’ meeting, the Board will discuss on January 23 a new Election Manual and Proxy Form that make it likely Crestview will never again be able to get a quorum for the shareholders’ Annual Meeting to elect Directors! Yes, Continue reading Board to consider election procedures that make it harder to vote.
The agenda for the January 23 meeting features governance issues, including shareholder participation and access to information and a detailed new procedure for annual elections of directors, including a new form of proxy. There will also be oral reports on the status of the Well #8 permit process, the LPHOA Continue reading January board meeting Monday (not Thursday) next week has a big and interesting agenda.
Our new president, Frank Mezzatesta, agreed to answer the same questions we posed in June to declared board candidates Ron Rieger, Stephen Muro, and Dave Stephenson. Mezzatesta was not a candidate for election in June but was appointed by the board on November 15. Why are you taking this unpaid Continue reading Interview with new director and president Frank Mezzatesta
In his first president’s letter to shareholders (included with your November invoice), Frank Mezzatesta has included his email address and invited all shareholders to contact him directly. If you missed it or lost it, contact the office and ask for it. He has assured us he will respond to all Continue reading New president opens direct communications with shareholders.