File #: 24-1045    Version: 1 Name:
Type: Action Item Status: Agenda Ready
File created: 9/27/2024 In control: BOARD OF SUPERVISORS
On agenda: 9/30/2024 Final action:
Title: 8:30 A.M. - Consideration of Voting for Election of Directors to Highlands Water Company
Sponsors: County Counsel
Attachments: 1. APN 042-091-29, 2. APN 040-300-17, 3. APN 040-300-16, 4. APN 040-032-10, 5. APN 039-481-59, 6. APN 039-453-28, 7. Notice
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Memorandum


Date: September 30, 2024

To: The Honorable Lake County Board of Supervisors

From: Lloyd Guintivano, County Counsel

Subject: Consideration of Voting for Election of Directors to Highlands Water Company

Executive Summary:
The County of Lake ("County") owns at least six parcels that are located within the boundaries of the Highlands Water Company service. This ownership makes the County a shareholder with the right to participate in the Highlands Water Company's election to determine members of its Board of Directors.

The County received the attached proxy documents from Highlands Water Company on or about September 24, 2024, providing the County with the option to either designate Jeff Davis as proxy for the County "to vote and otherwise represent all of the shares . [f]or the election of the following persons as directors of the corporation to serve until their respective successors shall be elected and shall' qualify as set forth in the Amended and Restated By-Laws." The shareholders meeting for voting the directors is scheduled for September 30, 2024, 10:00 a.m. - 2:00 p.m.

Alternatively, the County can attend the shareholders meeting on September 30, 2024, 10:00 a.m. - 2:00 p.m. to cast the vote for directors. Highlands Water Company stated that voting in person at this meeting will override any previously submitted proxy.

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C...

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