[HollyMutual-Announce] Grace period for past due balances

[Holly Mutual Water Company]

All:

On April 11, 2025, the following announcement was sent to the Holly Mutual shareholders, following a change in policy by the Board:

/*Past Due Billing Policy Change*/

/There has been an uptick in the number of accounts with unpaid past due billings. To keep our costs low, we depend on everyone to make their quarterly payments. At the same time we have also been reluctant to institute any formal late fees/interest. Unfortunately our accountant has reported that her multiple attempts to get the delinquent accounts paid has not worked. Thus starting with the next billing period (ie. through June 30), we will be charging a 5% late fee for that and each subsequent period where an unpaid balance exists. We have been advised by Denver Water that this is the same policy they follow. To avoid any late charges, please catch up on any unpaid balances before that time./

We did not assess any late fees for the bills that were sent out in early July, so consider that a grace period. However our accountant will be assessing the 5% late fee for all future quarters, starting with the next billing cycle that ends September 30th. If you haven't already, kindly pay your balance.

Thanks,
Mark Derbyshire