Shareholder Advisory Committee formed to help identify best location for Well #7.

Regular readers know the Crestview board appointed an Ad Hoc Committee consisting of director Alma Quezada and general manager Robert Eranio to review and compare all plausible sites for Well #7.  They have a work plan, a budget, and a schedule, available here.  By appointing Joel Brown, Dale DeHart, … Read more

Board set to approve new well site evaluation process with shareholder participation.

On October 27, the board will consider a new, robust, and open process to produce unbiased comparisons of the best sites for our next well.  If approved, our November bills will include a letter inviting shareholders to nominate well sites and to volunteer for a Shareholder Advisory Committee (“SAC”).

The … Read more

The world has changed. Crestview should develop a new strategic plan before evaluating or funding any capital project.

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

Mandatory conservation measures threatened by suppliers of imported water provide more justification for not selling the company, for getting out of the Well #8 contract, and for a new backup well.

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

Shrinking groundwater allocations will raise our costs and impair the economics of a new well.

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

The annual meeting must be held by May 13, and shareholders will elect directors that will make two big-dollar decisions.

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