The Annual Meeting of the Cache Highline Water Association was held Tuesday April 7, 2015 at 7:00 pm at Cedar Ridge Middle School, 65 North 200 West, Hyde Park Utah.
Agenda items include a report to shareholders of the Association's operations during the past year, a financial report for 2014, updates of completed projects and canal improvements and anticipated future improvements, the election of board members whose therm have expired, and other business as deemed pertinent.
In addition to the above agenda items, the shareholders shall consider and vote upon the following proposition:
Shall the board of directors (the "Board"), of Cache Highline Water Association (the "Association"), be authorized to:
(a) Enter into such contracts as shell be necessary to facilitate the planning, financing, administration, supervision, design and construction of a canal piping project to be known as the Logan and Northern Canal Piping and Pressurization Project (the "Project"), which shall consist generally of the construction and installation of 22,000 lineal feet of pipeline, 12-inches to 34-inches in diameter, commencing at 1500 North Street and extending within the existing canal easement of the Logan & Northern Canal to 4400 North Street; and
(b) Finance the Project form the following funding sources: (i)$1,000,000 WaterSmart grant from the U.S. Bureau of Reclamation, (ii) up to $380,000 Association match, and (iii) a $2,200,000 loan from the Board of Water Resources, to be financed at an annual interest rate of 2% over approximately 20 years with an annual payment of up to $135,000.
Results of the Logan and Northern Canal Piping and Pressurization Project - Voting at the April 7 annual meeting
|Total Shares Voted||3,982|
|Shares Voted in Favor||3,824||96%|
|Shares Voted Against||158||4%|
|Percentage of total shares voted||55%|
Below are the presentations that were shown at the 2015 annual meeting held on April 7, 2015. They are all in .pdf format and you can open then online or download them.