NOTICE AND AGENDA

OF SPECIAL MEETING OF THE BOARD OF DIRECTORS

OF

DESERT HILLS WATER CO., INC.

an Arizona corporation

 

 

            NOTICE IS HEREBY GIVEN, via personal delivery to the Board Members, that the Board of Directors of Desert Hills Water Co., Inc, consisting of the Mayor and Council of the Town of Cave Creek, Arizona, will meet on July 16, 2007 during or immediately following the Regular Town Council Meeting.  This meeting will begin no earlier than 7:00 p.m.

            The agenda for the meeting of the Board of Directors is as follows:

            1.         Consideration and Approval of Resolution DH2007-02 approving an Amendment of the Asset Transfer Agreement to provide for the Town’s assumption of all debts and obligations of the Corporation. 

Suggested Motion:     Motion to approve Resolution DH2007-02, a Resolution of the Board of Directors of the Desert Hills Water Company, Inc., approving and adopting the Amendment to the Asset Transfer Agreement, and authorizing the officers of the Corporation to execute said Amendment for and on behalf of the Corporation.

2.         Consideration and Approval of Resolution DH2007-03 approving a Plan for Complete Liquidation and Dissolution of Desert Hills Water Co., Inc.

Suggested Motion:    Motion to approve Resolution DH2007-03, a Resolution of the Board of Directors of the Desert Hills Water Co., Inc. approving a Plan for Complete Liquidation and Dissolution of Desert Hills Water Company, Inc., dated July 16, 2007 (“Plan”), and authorizing the officers and directors of this corporation to take all actions and execute and deliver any document necessary or desirable to carry out the terms and provisions of the Plan.

            3.         Any other business as may be properly brought before the Board of Directors or any adjournment thereof.

 

ADJOURNMENT

 

DATED:           ________________________, 2007.

 

 

 

                                                                       

Carrie A. Dyrek, Secretary