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.
Emergency Generator The Board received indications that a new portable diesel generator may come in substantially under the $400,000 budget. At the April 28 meeting, GM Gil Borboa reported that Crestview is now a member of Sourcewell, a cooperative buying organization for public and non-profit water purveyors. It has identified Continue reading April 28 Board meeting highlights: emergency generator, Calleguas negotiations, and Well #4 assessment
Crestview has no written plan to guide which projects should be approved and in which order and how to pay for them. However, here is Crestview Watch’s understanding of an unofficial and unwritten strategic plan inferred from recent Board decisions and discussions in meetings. Crestview faces a situation in which Continue reading Crestview’s unofficial strategic plan laid out
On January 27, the Board adopted the 5-year capital spending plan presented by GM Gil Barboa. The total is $568,500, of which 84% is for emergency electric power projects. Most of this, Barboa said, should be spent in 2026. This CapEx plan was one of the factors considered by the Continue reading Board adopts $568,500 capital spending plan, mostly for emergency electric power.
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.
Crestview and Calleguas Municipal Water District have been working since early 2025 on a plan to make our system more redundant against power outages, avoid a costly refurbishment of the Treatment Plant, and facilitate exchanges with adjacent water suppliers. As during the Mountain Fire, our most immediately-available backup water supply Continue reading Crestview planning for more water supply redundancy backed by Calleguas.
Only 849 shares were represented at the July 29 annual meeting of Shareholders at Spanish Hills Club. This was more than 400 shares short of the 1,249.4 shares needed for a quorum. According to the Bylaws, Shareholders present could have voted to continue the meeting a month or so to Continue reading No quorum at the annual shareholders’ meeting; highlights below.
Arrangements are being made to call an emergency meeting of shareholders at 4:30 p.m. Wednesday, November 13. An agenda is being developed and will be posted by 4:00 p.m. Tuesday. This will be a virtual meeting with no location for in-person attendance. Indications are that Shareholders may not be asked Continue reading Emergency meeting of shareholders Wednesday, November 13.