MINUTES OF THE REGULAR MEETING OF THE BOARD OF DIRECTORS

OF THE

ARABIAN ACRES METROPOLITAN DISTRICT

Held: Friday, July 11, 2003 at 7:00 p.m. at 400 Midland Street, Suite 222, Woodland Park, Colorado.

Attendance	The regular meeting of the Board of Directors of the Arabian Acres Metropolitan District was called and held as shown above and in accordance with the statutes of the State of Colorado. The following Directors were in attendance: Kenneth R. Rupp Dennis Yoder Alan L. Jordan Gene L. Billings David J. Biondo Also present were Joan Fritsche, Seter & Vander Wall, P.C.; and Dave Stanford, AquaTest, Inc.
Call to Order	Mr. Rupp noted that a quorum of the Board was present and called the regular meeting of the Board of Directors of the Arabian Acres Metropolitan District to order.
Disclosure Matters	Ms. Fritsche advised the Board that written disclosures had been filed with the Secretary of State’s Office with regard to any potential conflicts of interest and that pursuant to Colorado law, certain disclosures may be required prior to taking official action at the meeting. The Board reviewed the agenda for the meeting, following which each Board member disclosed their conflicts of interest, stating the fact and summary nature of any matters, as required under Colorado law, to permit official action to be taken at the meeting.
Public Comment	Chad Board, owner of the lot located at 346 Kutsu Ridge Road, Florissant, CO 80816, appeared at the meeting to request connection to the District’s facilities, which requires the extension of the current main in Kutsu Ridge Road approximately 2/10ths of a mile. The Board took Mr. Board’s request for a Tap under advisement and agreed to respond to Mr. Board within a week. After discussion and upon motion duly made, seconded and unanamously approved, the Board directed Mr. Stanford to seek bids to extend the Kutsu Ridge main to Lot 30 at a maximum cost of $20,000.
Approval of Minutes	The minutes of the regular meeting of the Board of Directors held on June 13, 2003 were read; corrections presented, and upon motion duly made, seconded and unanimously carried, were approved.
Financial Matters	Mr. Stanford reviewed the financial reports and payment of claims through July 31, 2003, which were accepted by the Board. Mr. Stanford discussed the 2004 budget to be prepared by Ms. Elzas and Paul Goedecke.
District Newsletter	Director Billings presented the first edition of the District’s quarterly newsletter in final format for the Board’s review and comment. The Board approved costs up to $500 associated with production and distribution. AquaTest will arrange for copying and mailing to all District residents and property owners.
Rules and Regulations	Upon discussion, motion duly made, seconded and unanimously carried, the Board set the remaining fees and charges, found in Appendix A of the District’s Rules and Regulations, and also revised corresponding sections of the Rules and Regulations text for consistency within the document and current District practices.
Manager’s Report	Mr. Stanford reviewed recent correspondence received on behalf of the District. Mr. Stanford encouraged the Board members to attend one of the Department of Local Affairs Budget Workshops being offered this month at several locations around the state.
Attorney’s Report	Ms. Fritsche reported that AquaTest will be taking over all responsibilities for Board meetings except for reviewing meeting agendas, filing Conflict Disclosure forms with the Secretary of State and drafting meeting minutes. Seter & Vander Wall will continue to handle those responsibilities. Ms. Elzas will be responsible for preparing and the timely posting of notices. She will also be responsible for keeping a record of affidavits of posting, finalizing the agenda, compiling and delivery of meeting packets and confirming Board member attendance prior to the meeting date. Ms. Fritsche also stated that, in the future, her office will be sending documents in WORD only.
Other Business	Additional Sources of Revenue: a. TowerLink America – Based upon research conducted by Director Billings and a review of the proposed contract, Director Billings recommended that the District not enter into a contract with TowerLink at this time. b. Update on sale of excess water to outside temporary sources – Director Rupp.
Adjournment	There being no further business to come before the Board, and upon motion duly made, seconded and unanimously carried, the meeting was adjourned.

Secretary for the Meeting