Tesoro Viejo serving agencies - CORRECTION

“TVMMWC was formed generally for the purpose of selling, distributing, treating, supplying and delivering water for domestic use to owners of subdivision lots in the Tesoro Viejo master-planned community in Madera County, California ("Tesoro Viejo"). TVMMWC will also treat, convey and dispose of wastewater and provide reclaimed water to lots within Tesoro Viejo.”

“TVMMWC's Board of Directors is authorized to levy assessments on TVMMWC's issued and outstanding shares and to impose connection fees, rates and charges for water services made available to the shareholders of the Corporation in such amounts as may appear necessary or expedient to carry out TVMMWC's purposes.”

“Only those persons who are owners of lots within TVMMWC's service area may be shareholders of TVMMWC.”

TVMMWC Bylaws — no ordinance/resolution number and no adoption date is stated in any document read

“Pursuant to TVMMWC's Bylaws, TVMMWC is required to issue one share for each residential or non-residential lot purchased within TVMMWC's service area. TVMMWC's shares will be appurtenant to the lands described in the share certificate. As such, the shares may only be transferred with those lands, except after sale or forfeiture for non-payment of delinquent assessments.”

“TVMMWC will issue shares only in connection with the initial purchase and sale of lots in Tesoro Viejo.”

Tesoro Viejo Master Mutual Water Company (TVMMWC), the agency that levies it

“The developers of Tesoro Viejo will sell portions of the development to merchant homebuilders who will in turn sell finished homes to homebuyers. TVMMWC does not own, and will not sell, lots within Tesoro Viejo. Thus, the homebuilders, not TVMMWC, will apply for public reports with respect to their respective subdivisions within Tesoro Viejo.”