Purpose: This policy establishes a new category in Blue Lake Springs Mutual Water Company’s (BLSMWC) rate schedule for shares on lots that have been legally combined into one parcel. It also establishes procedures for processing applications for combined lot shares.
Overview: On November 8, 2014 the BLSMWC Board of Directors approved a new rate schedule that creates a reduced rate for the second share on lots that have been legally combined. Eligible shareholders should submit an application to the business office requesting the reduced rate. BLSMWC staff will review the application and determine whether the lot fits the criteria for the reduced rate. If the application is approved, the rate for the second share on combined lots will be 25% of the otherwise applicable rate. To be eligible, shareholder must be in good standing and will continue to pay full price for one share.