Shareholder Info & Bulletin Board

Monday 4/2/2017 Update

We will be flushing half of the 1st lift ditch today.

Tuesday 3/28/2017 Update

The tentative date for water into ditches has been set for April 10, 2017.  Thus far, everything is looking good to keep that date.

Monday 3/20/2017 Update

For anyone interested in purchasing or leasing water shares please click the following link.

Shares for Sale/Lease

Thursday 2/9/2017 Update

The results of the vote for 2017 assessment to be set at $180.00 per share are as follows:
               Shares Represented                                                         3230
               For Assessment increase to $180.00                           2871
               Against Assessment increase                                           359
The 2017 assessment will be set at $180.00 per share.

Thursday 1/12/2017 Update

Today’s update is regarding the annual meeting newsletter.

We mailed the annual newsletter packet January 5, 2017.  The packet includes: the 2017 proxy, a sample proxy, the 2017 message from the Board of Directors, the 2017 Board of Directors candidates, 2017 dates to remember, the annual meeting newsletter and the 2017 budget.  If you are a shareholder please watch for your packet in the mail.

In order to meet the quorum of 1,895 shares, we need your signed proxy back before or at the February 7, 2017 meeting.  In order to determine the number of shares you have, the number is located on the address label next to your name.  If you have questions regarding the proxy please email or call the office.

Below are the links to the above documents except the 2017 proxy.

2017 Proxy Sample

2017 Message from the Board of Directors

2017 Meet the Candidate

2017 Dates to Remember

2017 Annual Meeting Letter

2017 Annual Meeting Budget

Friday 1/6/2017 Update

2017 MESSAGE FROM THE BOARD OF DIRECTORS

 

The 2016 irrigation season enjoyed bountiful water through a very hot and dry summer. RWP was able to begin a week early and add a week at the end of the irrigation season to assist our shareholders in maintaining their landscape and agricultural endeavors.

 

Unplanned, RWP did have to replace the corroded, leaking, riveted metal siphon under Monument Road with a new composite piping which created a down time of 5 days for the area at the South end of our service area.  The cost of this project was $42,600.00 we also encountered a failure of critical controls on the hydro generator, which provides power to the main plant pump station and the tie in to the Xcel Energy interconnections.  No damage was encountered to the controls and generator other than the upgrade, with a minimum down time for production of electricity and pumping for irrigation water.  The cost for this necessity was $22,800.00.  We also required extensive repair to one of our main pumps at the power plant, costing us $11,000.00.  Our staff, providing the best service with our aging infrastructure, completed these major and expensive repairs, along with various other repairs.

 

2016 planned capital projects completed are 1. No Thouroughfare power canals spill gate, costing $51,700.00, and 2. Hydro generated tail runner speed ring was welded and reinforced by our employees. This repair avoids a very expensive replacement.  A third project of replacing the two (2) river spill gates at the Gunnison Diversion dam, although not completed, is proceeding. Stainless steel for this was purchased at lower than market rates and our designed set of engineered drawings will speed up construction as well as keeping costs down, estimated at $97,000.00

 

The generator windings were also inspected, painted and new brushes installed to protect this very critical asset of our system.

 

As you are aware, the RWP Board is always concerned with maintaining sufficient funds for future repairs and capital improvements.  Thus the Board has approved a $5 per share increase to $180 for 2017 and requests your support of this increase.  RWP has always placed protection and growth of assets as one of our top priorities.  After a 6-month analysis, the Board approved an Investment Policy and an Investment Committee whose purpose is to invest our funds in a conservative, liquid, diversified investments.  In November, we consolidated our cash funds and invested with a local Wealth Management Company. While it is too early to look at yields, we are confident of a minimum of 3.0% in combined cash return and appreciation of our assets.  Using our cash more wisely can only protect our shareholders from increased expenses.

 

 

Sincerely,

 

Redlands Water and Power Company

Monday 12/12/16 Update

Today’s update covers delinquent shares and the forfeited shares auction date.

At this time we have 3 power canal, 1 stub lift, 11 first lift and 27 second lift shares with unpaid assessments.  If not paid by today December 12, 2016 at 5:30 p.m. they will be sold at auction.

The auction is tomorrow December 13, 2016 at 10:00 a.m. The location is Redlands Water and Power’s shop at 2216 South Broadway, Grand Junction, CO 81507.

The bidding price will vary due to the amount owed on each share.  Starting prices will range between $187.07 and $211.14.

Thursday 12/1/2016 Update

Today’s update covers delinquent shares and the forfeited shares auction date.

At this time we have 3 power canal, 1 stub lift, 15 first lift and 37 second lift shares with unpaid assessments.  If not paid by Monday December 12, 2016 at 5:30 p.m. they will be sold at auction.

This year’s forfeited shares auction is Tuesday December 13, 2016 at 10:00 a.m.  The location is Redlands Water and Power’s shop at 2216 South Broadway, Grand Junction, CO 81507. 

The bidding price will vary due to the amount owed on each share.  Starting prices will range between $181.01 and $211.14.

Please feel free to email or call the office with any questions or concerns.

Email – redlandswp@fastmail.com , Office number – (970) 243-2173

Monday 10/17/2016 Update

RWP has had a few calls asking if we can shut down early due to laterals plugging with leaves. We are going to keep the tentative shut down date of Monday, October 24, 2016. However, we can shut down head gates that service laterals if needed. If you are experiencing problems, please let us know and we will shut down your lateral.

Thursday 10/13/2016 Update

With the warm and dry weather, we have extended the tentative shutdown date to Monday, October 24, 2016.  This date will not go beyond October 24th as we are scheduled to dewater the power canal in order to perform our fall shutdown procedures and disassemble the generator for repair and maintenance. 

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