12/1/06

NOTICE AND AGENDA

MEETING OF THE SHAREHOLDERS OF DESERT HILLS WATER CO., INC. CONSISTING OF THE MAYOR AND COUNCIL OF THE TOWN OF CAVE CREEK

TOWN OF CAVE CREEK, ARIZONA

37622 N. Cave Creek Road

Cave Creek, AZ 85331

MONDAY, DECEMBER 4, 2006

 

 

Notice is hereby given that the Shareholders of Desert Hills Water Co., Inc. will meet on December 4, 2006 during and/or following the Regular Town Council Meeting, which begins at 7:00 pm.

 

The agenda for the meeting of the Shareholders Meeting is as follows:

 

ACTION ITEMS

 

1.         DISCUSSION AND POSSIBLE APPROVAL OF RESOLUTION SHDH2006-02 A RESOLUTION OF THE SHAREHOLDERS OF THE DESERT HILLS WATER COMPANY, INC., AUTHORIZING, RATIFYING, APPROVING AND AFFIRMING BY PROXY VOTE OF THE PRESIDENT, EXECUTION OF THE ASSET TRANSFER AGREEMENT BETWEEN DESERT HILLS WATER COMPANY, INC. AND THE TOWN OF CAVE CREEK, INCLUDING THE ENTITLEMENTS AND OBLIGATIONS CONTAINED WITHIN THE SCHEDULES ATTACHED TO THE AGREEMENT AND APPROVING THE TRANSFER OF ALL ASSETS, INCLUDING REAL AND PERSONAL PROPERTY AND ALL OBLIGATIONS UNDER THE TERMS OF THE TRANSFER AGREEMENT

 

           

Action Needed:           Motion to approve Resolution No. SHDH2006-02, a Resolution of the Shareholders of the Desert Hills Water Company, Inc., authorizing, ratifying, approving and affirming by proxy vote of the President, execution of the Asset Transfer Agreement between Desert Hills Water Company, Inc. and the Town of Cave Creek, including the entitlements and obligations contained within the schedules attached to the agreement and approving the transfer of all assets, including real and personal property and all obligations under the terms of the Transfer Agreement.                                                                             

ADJOURNMENT

 

POSTED THIS  _________ day of  December, 2006

BY: ___________________________________