The Company entered into a contract with Nelson Pipeline to construct the Sky Ranch water transmission line for approximately $4.5 million, to interconnect the Lowry Range water system to the development at Sky Ranch.  Construction began on the water transimission line on December 12, 2016.

On December 15, 2016 the District, acting by and through its Water Activity Enterprise, entered into a Water Service Agreement with Elbert & Highway 86 Commercial Metropolitan District, acting by and through its Water Enterprise. Upon closing, the agreement will result in the Company, in its capacity as the exclusive service provider for Rangeview, acquiring the right to provide water service to Wild Pointe Ranch located in unincorporated Elbert County Colorado, in exchange for $1,600,000 cash. The closing of the transactions contemplated by the Water Service Agreement is expected to occur no later than February 23, 2017. For additional information see the Company’s Current Report on Form 8-K filed with the SEC on December 19, 2016.