As you may know, the Ranch had to upgrade its water system due to State Health Department regulations. We previously had problems with surface water infringement on our well system and the new water system will guarantee that the drinking/showering/cooking water remains safe, now matter what.
That project is underway and will probably complete ahead of schedule and that presents a problem for Mountain Air Ranch. We are short about $30,000 right now to complete payments on the system.
So we are looking to the membership for loans, if you can help out. We have already taken out about $40,000 in loans at 3% on terms from 5 years to 15 years. We are offering the same terms to anyone who can help us out. As one member noted, this rate is about ten times more than a competitive money market rate.
If we can get this money loaned to the Ranch, we will be able to hold next year's membership rates at the same level, and also avoid a special assessment to the membership to pay for the water project.
If you can help out, please contact the office at 303-697-4083 for more details.
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