RECORD OF PROCEEDINGS

_________________________________________________________________________

MINUTES OF THE REGULAR MEETING OF THE BOARD OF DIRECTORS

OF THE

ARABIAN ACRES METROPOLITAN DISTRICT

Held: Friday, June 15, 2007 at 7:05 p.m. at 4455 Fountain Avenue, Cascade, CO.

Attendance	The regular meeting of the Board of Directors of the Arabian Acres Metropolitan District was called and held in accordance with the statutes of the State of Colorado. The following Directors were in attendance: Radford K. Walker Dennis Yoder David J. Biondo Sandy Zuniga Charles Hallam Also present: Mr. Terry Malcom, District Administrator.
Call to Order	Director Hallam noted that a quorum was present and called the regular meeting of the Board of Directors of the Arabian Acres Metropolitan District to order at 7:05 pm. (Director Walker and Director Zuniga arrived around 7:30 p.m.)
Disclosure Matters	Director Hallam asked the Board to confirm that no changes have occurred to any of the Directors’ interests that warrant amending the written disclosures on file with the Secretary of State’s Office with regard to any potential conflicts of interest. 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. No conflict of interest was noted.
Public Comment	None
Approval of Minutes	The minutes of the regular meeting of the Board of Directors held May 18, 2007 were read. No changes were made. A motion was made to approve the amended minutes. Upon motion duly made, seconded and unanimously carried, the minutes were approved. Secretary Zuniga signed a copy of the minutes for the district’s formal records.
District Administrator Issues	The District Administrator’s Report was handed out to all board members for review. A motion to approve the financials and disbursements was made. Upon motion duly made, seconded and unanimously carried, the financials and disbursements were approved.
System Operator’s Report	The District Board Members reviewed the Operators Report. There were some questions that came up for Director Biondo to ask Eco Resources about. The Board directed Director Biondo to validate and Operators recommendation to change from Aqua Mag to Sodium Hydroxide for corrosion and file the new corrosion control plan with the State. Upon motion duly made, seconded and unanimously carried. Upon the Operator’s recommendation, the Board made a motion to add the following phrase to the Rules and Regulations in B-2.8: “Bed and backfilled with a minimum of 6 inches below and above with sand or quarry crushing material”. Upon motion duly made, seconded and unanimously carried.
Legal Issues	No Attorney’s Report was given. No report on the Camp Iana/CSU Easement and the Trout Haven Resort Vacated Roadway Easement nor on the Augmentation and Exchange Water Court Decree.
Old Business	Discussion ensued regarding the need to redrill well #3. A motion to switch the well permit from Well #3 to Well #5. Upon motion duly made, seconded and unanimously carried, the motion was approved.
New Business	Discussion ensued regarding review of operations by outside party. Motion by Director Biondo to not proceed at this time with CDPHE Technical, Managerial, and Financial (TMF) Evaluation, seconded by Director Yoder and unanimously carried.
Adjournment	There being no further business to come before the Board and upon motion duly made, seconded and unanimously carried, the meeting was adjourned at 9:25 p.m. Next Meeting: July 20, 2007 ____________________________ Secretary for the Meeting