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Show Wed/Thurs/Fri, January 10-12, 2018 The Park Record A-3 County Seat COUNTY EDITOR: ANGELIQUE McNAUGHTON 649–9014 EXT. 112 | Countynews@parkrecord.com Water firm redrafts bylaws Shareholders to vote on changes at upcoming meeting ENJOY THE CALM BEFORE THE STORM... Let us buy you dinner before Sundance hits! ANGELIQUE MCNAUGHTON The Park Record Summit Water Distribution Company’s customers are being asked to consider approving significant revisions to the bylaws and articles that govern the Snyderville Basin water company at an upcoming meeting later this month. A special meeting for the shareholders of the Summit Water Distribution Company is scheduled to be held at 6 p.m. on Jan. 16 at the Jeremy Ranch Golf and Country Club. The water company serves 4,400 connections between the top of Parley’s Canyon and Canyons Village at Park City Mountain Resort, with users and businesses in the Jeremy Ranch, Kimball Junction and Trailside areas. Other neighborhoods and businesses are also served through the water company. Shareholders own a proportionate share of the company and are entitled to a specific allotment of water based on share certificates, according to the company’s website. Only shareholders who were of record at the close of business on Dec. 18 are allowed to vote at the meeting, the website states. The company’s Board of Directors appointed a committee to review the existing bylaws and articles and make recommendations for amendments that would reflect state law, clarify provisions and increase the company’s efficiency, according to the notice that was distributed to shareholders. Andy Garland, general manager of Summit Wa- Complimentary dinner entreÉ of equal or lesser value with the purchase of regularly priced entreÉ and an appetizer or dessert. Dine in only. Please present ad to receive discount. Not valid with other discounts or offers. Expires 1/11/18 PARK RECORD FILE PHOTO The Summit Water Distribution Company is holding a special meeting on Jan. 16 for shareholders to vote on significant revisions that have been made to the company’s bylaws and governance articles. ter Distribution, said the company’s policies were created shortly after it was founded in 1979. He said the revisions will make it easier for it to operate. We’re not trying to hide anything from anyone here. These are just to promote better businesses practices,” Andy Garland general manager of Summit Water Distribution Company “When we went to have our annual shareholder meeting in April, we could not get a quorum because our articles and bylaws had specific rules and regulations that outlined what a quorum was,” he said. “Because of that, we weren’t able to elect new board members.” One of the revisions the review committee recommended is redefining the term quorum. Searching for new things to do? 412 Main Street • 435.649.8211 • bistro412.com Open daily at 11:30 Please see Bylaws, A-4 Thanks to our wattsmart businesses wattsmart is registered in U.S. Patent and Trademark Office. ® © 2018 Rocky Mountain Power You don’t have to work this hard. Check out the calendar in Scene for local music, events and more! The new definition reads: The number of shareholder votes properly cast in person, by written or electronic ballot, or by proxy shall constitute a quorum for action on the matter for which such votes are cast. The current definition states “a simple majority of the outstanding shares of SWDC entitled to vote, represented in person or by proxy, shall constitute a quorum.” “We are trying to make it easier for people to elect the board,” Garland said. “We are mature enough as a company that we don’t have a huge number of large shareholders that can dominate the way we operate.” Another change that is reflected in the amendments enables the company to explicitly encourage water conservation. Some have viewed this revision as an attempt to take customer’s rights to water away, an inference Garland strongly disagreed with. “When Summit Water signed as a party to Western Summit County Project Master Agreement, there is a conservation APRÉS SKI DRINK & FOOD SPECIALS EVERY NIGHT 5-8 including $3 burgers, 75c chicken wings, $5 mac & cheese & $5 sandwiches for helping to make Utah more energy-efficient. Together, 2,000 Utah businesses are saving more than 200 million kilowatt-hours of energy for projects completed in 2017, with help from Rocky Mountain Power’s wattsmart Business. Many thanks also to the wattsmart Business Vendors who make energy-efficiency upgrades happen. To learn how your business can save, contact a participating vendor, call 1-800-222-4335 or visit wattsmart.com. |