20121217Customer Notice.pdf

Brian Water Corp
5120 Overland Rd
Ste C #228
Boise, Id 83705
869-9199
[e-mail]
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?1i2 DEC 7 M18:6
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October 4,20 12
RE: nitrate mitigation financing
Brian Subdivision homeowner;
Without some longer term financing, next month I intend to send a request
to the PUC to raise the monthly surcharge to $50.00. This will yield $40,000 in
eighteen months to pay for the 'nitrate mitigation' as required by the EPA/DEQ.
The deadline set by the DEQ is actually August of 2013 so they will have to give
us an extension.
I had raised the idea before of a consortium of homeowners investing in
the water system For example 25 homeowners loan $2,000 to Brian Water Corp
The loan would be paid back at 9% interest over a period of 4-5 years. The loan
payment would come from the monthly surcharge (in this case the surcharge
could be $25/mo). An Escrow account would be set up at Pioneer Title and they
would manage the payouts... .probably quarterly loan payments to each investor.
CDs and regular savings pay less than 1% now days. You have a vested interest in
the future of the subdivision and the water system so this would be a good
investment with very little risk and a good return.
The homeowners taking over the water system is still on the table. This
would give you another $4,000/yr to put into the system.
Those that can and are willing to be part of a homeowners investment group
need to contact me.
Thank you.
Tony