This lawsuit is based on WOWSC board members willful neglect of their fiduciary duties, specifically their neglect in obtaining the highest value for our assets to pay down debt, The board should be looking out for the best interest of the water system and the members instead of looking out for their own personal financial gains and their fellow board members personal financial gains.
- In 2018 the WOWSC Board commissioned a forensic appraisal regarding the land sold to Dana Martin. Bolton & Associates determined that the real estate asset sold to Ms. Martin was sold substantially under market value. Selling the property at it's actual market price would have allowed the water system to payoff all debt and more than likely prevent any rate increases for quite awhile.
See Appraisal Page for appraisal amounts.
Pleadings are located at the bottom this page