The Woodlands Mutual Water Company (WMWC) of San Luis Obispo County is a corporation organized under the laws of California for the purpose of providing water and sewer services to property owners on approximately 957 acres situated on the Nipomo Mesa commonly known as The Woodlands.
WMWC was formed for the purpose of serving water to its shareholders at cost. The purpose of a mutual water company is not to make a profit, but to charge such fees and rates for the services it provides as are necessary to acquire water and to build, operate, and maintain a water and sewer system in the community.
WMWC is managed by a Board of Directors, which is elected each year at the annual meeting of the shareholders. The Board of Directors is responsible for the management and operation of the WMWC. It approves the rules and regulations for providing water and sewer service and sets the fees, charges, and rater for such service.
There are currently five members of the Board, three of which were appointed by the developer of the Woodlands (Developer) and two community members. The Developer shall retain voting control over the WMWC and thereby the ability to appoint the Board of Directors until such time as 75% of the planned lots or parcels within the companys service area have been transferred to new owners other than the Developer.
All shareholders are encouraged to attend the annual shareholders meeting. Notice is given to all shareholders prior to the meeting date.
Current Board of Directors
- Preston Holdner
- Paul Lymberis
- Lonnie Ellisor
- Jan Tabarez
- Sam Saltoun
- Rob Miller
- Lonnie Lepore
Each owner of a lot or parcel of land within the service area of the WMWC is entitled to be a shareholder. This includes residential, commercial, recreational and governmental properties, although the majority of shareholders will be the owners of residential homes built in The Woodlands.