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<SEC-DOCUMENT>0001429533-10-000002.txt : 20100716
<SEC-HEADER>0001429533-10-000002.hdr.sgml : 20100716
<ACCEPTANCE-DATETIME>20100716151939
ACCESSION NUMBER:		0001429533-10-000002
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20100716
DATE AS OF CHANGE:		20100716
EFFECTIVENESS DATE:		20100716

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SUMMIT WATER DEVELOPMENT LLC
		CENTRAL INDEX KEY:			0001429533
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-115780
		FILM NUMBER:		10956335

	BUSINESS ADDRESS:	
		STREET 1:		C/O SUMMIT WATER ASSET MANAGEMENT LLC
		STREET 2:		9171 TOWNE CENTRE DRIVE, SUITE 465
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92122
		BUSINESS PHONE:		858-546-1777

	MAIL ADDRESS:	
		STREET 1:		C/O SUMMIT WATER ASSET MANAGEMENT LLC
		STREET 2:		9171 TOWNE CENTRE DRIVE, SUITE 465
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92122
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001429533</cik>
        <entityName>SUMMIT WATER DEVELOPMENT LLC</entityName>
        <issuerAddress>
            <street1>C/O SUMMIT WATER ASSET MANAGEMENT LLC</street1>
            <street2>9171 TOWNE CENTRE DRIVE, SUITE 465</street2>
            <city>SAN DIEGO</city>
            <stateOrCountry>CA</stateOrCountry>
            <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
            <zipCode>92122</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>858-546-1777</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
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        <edgarPreviousNameList>
            <value>None</value>
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        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2008</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>n/a</firstName>
                <lastName>Summit Global Management, Inc.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9171 Towne Centre Drive</street1>
                <street2>Suite 465</street2>
                <city>San Diego</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92122</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Entity is the beneficial owner of the general partner to the issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <lastName>Dickerson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Summit Water Asset Management, LLC</street1>
                <street2>9171 Towne Centre Drive, Suite 465</street2>
                <city>San Diego</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92122</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer and Director of Summit Global Management, Inc.; officer of Summit Water Asset Management, LLC</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <middleName>Howard</middleName>
                <lastName>Ang</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Summit Water Asset Management, LLC</street1>
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                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92122</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer of Summit Global Management, Inc.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <lastName>McIntyre</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Summit Water Asset Management, LLC</street1>
                <street2>9171 Towne Centre Drive, Suite 465</street2>
                <city>San Diego</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92122</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer of Summit Global Management, Inc. and officer of Summit Water Asset Management, LLC</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>Summit Water Asset Management, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>9171 Towne Centre Drive</street1>
                <street2>Suite 465</street2>
                <city>San Diego</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92122</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Entity is the Managing Member of the issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <middleName>G.</middleName>
                <lastName>Anfuso</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Summit Water Asset Management, LLC</street1>
                <street2>9171 Towne Centre Drive, Suite 465</street2>
                <city>San Diego</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92122</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer of Summit Water Asset Management, LLC</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Matt</firstName>
                <lastName>Dickerson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Summit Water Asset Management, LLC</street1>
                <street2>9171 Towne Centre Drive, Suite 465</street2>
                <city>San Diego</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92122</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer of Summit Water Management, LLC</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Steve</firstName>
                <lastName>Maxwell</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Summit Water Asset Management, LLC</street1>
                <street2>9171 Towne Centre Drive, Suite 465</street2>
                <city>San Diego</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92122</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer of Summit Water Management, LLC</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Albert</firstName>
                <middleName>Judson</middleName>
                <lastName>Hill</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Summit Water Asset Management, LLC</street1>
                <street2>9171 Towne Centre Drive, Suite 465</street2>
                <city>San Diego</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>92122</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Officer of Summit Water Management, LLC</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-08-010571</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2008-05-12</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>50000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Monitor Capital LLC</recipientName>
                <recipientCRDNumber>146087</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>8 Sound Shore Dr.</street1>
                    <street2>Box 19</street2>
                    <city>Greenwich</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>06830</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>NH</state>
                    <description>NEW HAMPSHIRE</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>NJ</state>
                    <description>NEW JERSEY</description>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>IA</state>
                    <description>IOWA</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Rodney Madden</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Madden Securities Corp.</associatedBDName>
                <associatedBDCRDNumber>18389</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1901 N. Akard St.</street1>
                    <city>Dallas</city>
                    <stateOrCountry>TX</stateOrCountry>
                    <stateOrCountryDescription>TEXAS</stateOrCountryDescription>
                    <zipCode>75201</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>WY</state>
                    <description>WYOMING</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Scott Mibu</recipientName>
                <recipientCRDNumber>2272272</recipientCRDNumber>
                <associatedBDName>Capstone Investments</associatedBDName>
                <associatedBDCRDNumber>41400</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>12760 High Bluff Drive</street1>
                    <street2>Suite 120</street2>
                    <city>San Diego</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                    <zipCode>92130</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                    <state>MT</state>
                    <description>MONTANA</description>
                    <state>WI</state>
                    <description>WISCONSIN</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>MD</state>
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                    <description>TEXAS</description>
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                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
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                    <state>TN</state>
                    <description>TENNESSEE</description>
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                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Rob Steiner</recipientName>
                <recipientCRDNumber>5341764</recipientCRDNumber>
                <associatedBDName>Growth Capital Services</associatedBDName>
                <associatedBDCRDNumber>124658</associatedBDCRDNumber>
                <recipientAddress>
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                    <street2>Suite 1503</street2>
                    <city>San Francisco</city>
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                    <zipCode>94104</zipCode>
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                    <state>CA</state>
                    <description>CALIFORNIA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Damien Hatfield</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>Hatfield &amp; Liptalc Advisors</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>Level 2, Suite 220</street1>
                    <street2>111 Harrington Street</street2>
                    <city>Sydney, NSW</city>
                    <stateOrCountry>C3</stateOrCountry>
                    <stateOrCountryDescription>AUSTRALIA</stateOrCountryDescription>
                    <zipCode>02000</zipCode>
                </recipientAddress>
                <statesOfSolicitationList></statesOfSolicitationList>
                <foreignSolicitation>true</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>50507709</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>50</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>13039</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>Summit Global Management, Inc. and its affiliates receive customary management fees (based on net asset value) and performance fees and/or allocations based on investors investmetns in the issuer.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>SUMMIT WATER DEVELOPMENT LLC</issuerName>
                <signatureName>/s/ Robert G. Anfuso</signatureName>
                <nameOfSigner>Robert G. Anfuso</nameOfSigner>
                <signatureTitle>CEO of Mng Mbr to Issuer</signatureTitle>
                <signatureDate>2010-07-16</signatureDate>
            </signature>
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