Meadow Mountain Water Supply Co

“The MMWSC Articles of Incorporation and Bylaws were updated completely. This process was completed during 2017. The new Articles of Incorportion and Bylaws were presented to the membership prior to the Annual General Meeting and a vote for adoption of those AOI and Bylaws was made prior to the AGM. Approval for adoption was obtained and the new AOI and Bylaws were accepted.”

“Meadow Mountain Water Supply Co. has members that are the owners of the properties served by the water supply Co.”

“Meadow Mountain Water Supply Co. The membership elects a board of directors from the membership that is responsible for governance. (1 member per property).”

“The board is required to obtain approval from the members prior to incurring debt for the company of any amount greater than 50K.The board is required to obtain approval from the members if changes are required to the bylaws.”

“A copy of form 990 and the supplemental forms were distributed to the members of the board of directors at a scheduled board of directors meeting and were reviewed and approved at that time.”

“The new MMWSC AOI and Bylaws were updated during 2017 and the AOI now contains details on the Conflict of Interest Policies for the company.”

“Governing documents for Meadow Mountain Water Supply Co. are available to the public on the MMWSC website. Financial documents are available on request from the Treasurer. A Summary of MMWSC financial information is provided to the membership at the annual MMWSC Membership meeting.”

“MMWSC created a new land management company upon which water utility facilities are located. In doing this the land value was assessed and all owners quit claimed their rights to those parcels of land to the MMWSC RA Properties LLC and thus this value of land was included in the assets of the new company MMWSC RA Properties LLC (EIN:82-1545500) Total land value added was $17,250.”