Water Shares

You might remember getting a "second notice that your payment is passed due" last year. But you never received a first notice right? And then never heard anything more about it. A few days ago I was told (through the grape vine) that our water shares were going to be sold if we didn't pay the $400 + fee immediately. I know a few others had heard similar stories. I've never had a water share before and I don't know much about them. Tonight I talked to Teri Spackman (Head of the Irrigation company) and this is what I found out...

1. Our shares will not be sold without notice.
2. Kip Panter (irrigation board member) is in the process of making an itemized list of what is owed by each person. Everyone will receive that list by December 1st. (so you don't HAVE to make any payment until then)
3. There are three fees: 1-$350 water hook up fee. 2- $50 water stock transfer fee. Both of these are a one time payment. (The $400 bill you got last year) 3- Annual stock holders fee is usually between $30-$50 and is due annually (this bill can change and can go up a little every year). They send the bill out in June and it is due September 1st.
4. Even if you have never used your secondary water you still have to pay the Annual stock holders fee.
5. If you don't pay the Annual stock holders fee then your share will be sold. But they will notify you first and try to make payment arrangements.
6. You can pay the Annual stock holders fee without paying the other two fees ($400)first.
7. If you use the secondary water before you pay the $400 you will receive a citation from the sheriff.
8. (this is the frustrating part) Even though we paid $2000 more for our lots for one share of warer, we are not actually the owners of the water share. But we are in process of becoming the owners. (That's why we do not have a document or certificate saying we own a share) The reason we got the letter last year "Second notice" without ever having received a first notice is this... The irrigation company was sending the bill to Sadler and got no response. So they sent it to the title company and got no response. So they sent it to us. They got a response from some of us and realized what a mess it was and have been trying to sort it out ever since. So who has to pay the $350 hookup fee and $50 water stock transfer fee? We have to work this out between Sadler and us. (If you already paid it you maybe could get your money back from Sadler if he is the one that is supposed to pay it) Maybe he just forgot to pay it and he will pay it right away when we bring it to his attention :) or maybe not.
9. The second Thursday of every month (except December) the Irrigation company has a meeting at Richmond City Office building at 8:00 pm. It is an open meeting so anyone can come. If you have any questions that would be a good time to ask them.
This may have helped clear things up for you or maybe it just brought up more questions:)