NEWSLETTER                                                    July 13, 2006

The primary purpose of this newsletter is to inform you of a Special Shareholders’ Meeting to be held August 14, 2006, 7pm, at the Redlands Mesa Grange Hall.  The purpose of this meeting is to initiate the CWCB loan (see the enclosed notice.) The Company needs to obtain funds so that Engineering for the dam project can be as complete as possible this year.

 In order to activate the loan the Shareholders must set the assessment for repayment of the loan to the CWCB.

 Please plan to attend or have your proxy represented at the meeting.

Please send your proxy to any of the Board members listed below.

Bob Church-Pres               26563 Redland Mesa Rd, Hotchkiss CO 81419

Billy Varner-VP                  26083 Redlands Mesa Rd, Hotchkiss, CO 81419

Reg Cridler                      28177 North Rd, Hotchkiss, CO 81419

Tom Howe                       28999 Redlands Mesa Rd, Hotchkiss, CO 81419

Chris Turpin                     30079 North Rd, Hotchkiss, CO 81419.

 

OTHER NEWS

 Operating Overview

 Ditch flows from the reservoir are being held at approximately 58 – 59 cfs. and will be maintained at that rate until the water is depleted.  Estimates are for water flow to end near the middle of August.  Watch the Company web site for any changes.

 Thanks to shareholder David Kuntz and ditch manager Jim Harris, a suspected vandal that diverted water from the upper ditch may have been identified.  Both the sheriff and Forest Service Law Enforcement officials have been notified.  While sufficient evidence doesn’t exist for criminal charges there may be some civil action.

 Operating Costs

 Overall operating costs year to date are approximately $10,000.00 less than last year.

 Additional 6 cfs.

 Your Company is receiving 6 cfs. additional water from LeRoux Creek which had not been captured in the past.  Efforts with the state water commissioners were successful in having this water properly diverted into the Overland system.

 VIP Ditch Tour

 Combined efforts of the Overland Steering Committee and the Delta Conservation District are scheduling a V.I.P. tour of the Overland Reservoir and Ditch for the purposes of developing contacts and support for assistance (political and financial) to aid in the expansion of the Overland Dam and improvements to the ditch system.  The tour should take place sometime before the end of August.

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NEWSLETTER                                                        APRIL 2006

 Good news!  The monthly meetings of the Board of Directors will now be held at the newly remodeled Redlands Mesa Grange.  They will begin promptly at 7:00 PM.  Come join in on the fun.

 Both the Attorney and the CPA for the Company submitted letters of resignation to the Company.  The Board has hired Aaron Clay as the new Company Attorney and Randy Fisher as the CPA.

 As mentioned in the last newsletter the Board has created two committees.  The Ditch Advisory Committee consists of Marvin White, Pete Klaseen and Ray Penland.  The Steering Committee has Dave Sievers, Nomi Gray and Jerry Adams as members.

 At the last monthly meeting of the Board it was decided that all water bills will be sent to shareholders only.

  The lower ditch was cleaned by Rundle Construction and was finished by April 13, 2006.  Pete Blake has been hired to clear out the willows and will be doing that the week of April 17, 2006.  The Satellite dish has been installed on the lower ditch and it’s results will be available online effective April 17, 2006. 

 The skidder that has been used on the Upper Ditch is “tired”.  Without quite a bit of repairs it is doubtful that it will be useful this irrigation season.  Maybe it needs to rest for a while.  Does anybody have any information about any equipment that could be used on the ditch.  If you do, please contact one of the Board members by phone or by email.

 The Board appreciates all input from the shareholders so please contact any Board member with any of your ideas or concerns and we will take your input into consideration.

   The Overland Board

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NEWSLETTER                                 March 8, 2006

Your newly elected Board (effective 2/13/06 Annual Meeting) met in special session on February 18^th for the purpose of electing officers and initiating discussions regarding:

1. A steering committee for Dam financing and construction.

2. An advisory committee for the Board on needed ditch maintenance.

3. A discussion on a Ditch Rider or Manager and their possible roles.

All Board Members were present Billy Varner, Chris Turpin, Tom Howe, Reg Cridler, and Bob Church.  Bob Church was elected President and Billy Varner was elected to continue as Vice President.  Minutes of this meeting are posted on the company web-site. 

The first regular monthly board meeting was held on March 1^st at the Redlands Mesa Grange Hall.

Since Pete Kasper has declined to be the Ditch Rider the Board has hired Jim Harris.  Many thanks to Pete for all the work he has done for this Company over the years.

We have also hired a Secretary/Treasurer, Pam Klaseen.  We are now in the process of converting all the old accounting ledgers to a computerized system.  You will see the first call was computer generated, thanks to Tom Howe’s work.

The Overland Ditch and Reservoir Company web-site is now being updated regularly and will be your new board’s primary method of communication between the board and the shareholders.  The electronic mail contact feature is being re-initialized and will allow shareholders to communicate directly with the board.  The discussion board will be expanded to include areas dedicated to ditch operations and the efforts to move forward with the dam expansion.  Board and shareholder meeting minutes will be posted as soon as available.  Efforts are underway to post past meeting minutes.  For the short term, minutes from past meetings will be posted at the top of the meetings web pages.  This is to enable shareholders to quickly recognize and read those minutes.  After being posted for a month or two, the minutes will be moved to their respective location in chronological order.  

If anyone has suggestions, recommendations, or complaints about the effectiveness of the company web-site, please notify the Board.

Thanks to all the shareholders who have helped the Board get the many things that have needed to be done accomplished in a short time.  Without that help we could never have done all we have.

The Overland Board

 

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