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
On April 26 the Metropolitan Water District may limit landscape watering to once per week. That would cut Crestview consumption 57%, and our rates would go up. A recent letter from Crestview announced the draconian MWD rules would not apply to us if we reduce our consumption by just 20% … Read more
The “sustainable yield” of our aquifer is only 70% of current pumping rates. When Crestview’s pumping allocations are reduced, we will have to pay higher rates to import more water, and a new well might be uneconomic with less water to be pumped.
Fox Canyon Groundwater Management Agency has adopted … Read more
Will Crestview continue spending money on Well #8, or renegotiate or terminate it to cut our losses? The purpose of Well #8 is to supply emergency water to Calleguas and the City of Oxnard. Crestview shareholders cannot get even one additional quart. The current board entered into the contract with … Read more
The ongoing project to lower the pump in Well #4 and bring it back into service, hopefully by May 1, is a company-saving decision but may last only 5-10 years.* The board should develop a strategic vision and then decide if Crestview should initiate a multi-year, multimillion-dollar new well project.… Read more
Crestview spent $383,000 on Well #7 in 2021. Total expenditures on Well #7 were $880,000 (exclusive of land). Since the project was killed by the Board of Supervisors, that will have to be written off as a charge to earnings.
The project to lower the pump in Well #4 got … Read more
On September 14, 2021, the Ventura County Board of Supervisors denied Crestview’s application for a key permit to drill a new at 191 Alviso, Well #7. There is no appeal, no plausible court challenge, and no feasible way to redesign the project and submit a new application. The 2022 budget, … Read more