From the Minutes of the Nov. 5, 2012 MKL Association Board Meeting:

Several months ago Lakeshore was approached about selling the

water company and a special committee was formed including: Terry

Dwyer, John Krizko, Don Kuhn, Austin Godfrey, Barbara Coulter, and

Rick Barrett to consider that proposal and others.

The Committee’s Job is to:

1. Evaluate the proposals and recommend one to the Board for consideration.

2. Provide pros and cons of a sale and the impact on Members.

3. Make recommendations for use of sale proceeds

4. Provide the Board with materials for communicating to the Members by Inform Meetings and other media, as needed.

5. Solicit input from the community.

6. Assist the Board in conducting a special meeting to vote on a potential sale

7. If the community agrees to sell, negotiate terms of the sale and present the terms for board approval.