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
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