Shareholders Discussing Crestview Mutual Water Co.
You can still vote for directors until July 7. You can vote even if you were not at the meeting, and it does not matter if you submitted a proxy. Without your ballot, there may be no quorum and no decision. To get your ballot, call 805-482-2001 or email crestviewwater@live.com… Read more
It is not true that any board candidate opposed Well #7. Crestview was not forced to import water because a County permit for Well #7 was denied in September 2021; the cause was the board’s bad decisions about Well #4, which went dry a month earlier.
Mr. Chooljian’s letter, which … Read more
On June 6, Crestview plans to mail to every shareholder FY2021 financial statements that clearly do not comply with state law. For the legally-required annual report reviewed by the CPA firm and containing all necessary adjustments and disclosures, shareholders are referred to a website, where that report does not exist—at … Read more
The Crestview board delayed for four years lowering the pump in Well #4 just so they could say we needed Well #7 because Well #4 was “going dry.” That cost us about $365,000 extra in 2021 to buy imported water that Well #4 would have pumped with a lower pump.… 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
Crestview threatened several times to big-foot Well #7 into being by using its power of “eminent domain” or “condemnation.” However, it never acknowledged that when a water utility takes private land for a public purpose it has to pay fair value. Those compensation costs would have made the company insolvent … Read more
The letter with our January water bills states that the groundwater allocation lawsuit, going on since 2018, ís “directly responsible for 20% of the necessary rate increase.” To the contrary, 100% of the increase pays for additional water purchases made necessary by the board’s negligent stewardship of Well #4, … Read more
Crestview’s recent rate increase announcement was appropriately on a red card because what it says right after the new rates is a flagrant foul–denying the truth that the rate increase was due solely to the board’s mismanagement of Well #4 and falsely blaming it on the Well #7 fiasco.
Well … Read more
General Manager Robert Eranio told the board on August 26, 2021 that Well #7 had so far cost $1.3 million, including land. The land may be saleable for near its purchase of price $505,000 but $800,000 will be a total write-off. Construction costs would have been in the neighborhood of … 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