Attendance

The regular meeting of the Board of Directors of the Triview Metropolitan District was called and held as shown above in accordance with the applicable statutes of the State of Colorado. The following Directors, having confirmed their continued qualification to serve on the Board were in attendance:

Steve Stephenson

Joe Martin

Robert Eskridge

Julie Glenn

Joe Belzer

Also present were Larry D. Bishop, Sr., District Manager, Triview Metropolitan District, Dale Hill, District Administrator, Triview Metropolitan District, Chuck Ritter, Nolte Engineering, Thomas Repp, Nolte Engineering, Pete Susemihl, Susemihl, McDermott and Cowan P.C., Lynda Torres, Premier Urgent Care, Kevin Burnett, Red Oak Consulting, Rick Giardina, Red Oak Consulting, Jim Kendrick, OCN, and Mark Veenendaal, Citizen.

Call to Order

Director Steve Stephenson noted that a quorum of the Board was present and that the Directors had confirmed their continuing qualification to serve, and therefore called the regular meeting of the Board of Directors of the Triview Metropolitan District to order at approximately 4:00 pm.

Notice and Posting

Mr. Bishop stated that the meeting had been properly noticed and posted.

Introductions

Introductions of those present were made.

Premier Urgent Care

Lynda Torres presented the new Premier Urgent Care facility that will be located in Monument Market Place. Emergency Room Doctors and other trained emergency room personnel will staff the facility. Premier Urgent Care has an established relationship with Code One. The projected opening is January 2008.

The Board expressed their appreciation for the information and Mrs. Torres departed the meeting at this time.

Approval of Minutes

Upon motion duly made and seconded and carried unanimously the minutes of the Regular Board Meeting of August 28, 2007and the minutes of the Special Board Meeting of September 10, 2007 were approved.

Presentation of Financials

Mrs. Hill then presented the financials for July 2007 to the Board and stated that having Well A-1 re-done resulted in a lower than expected bottom line for July.

Mrs. Hill informed the Board that we have receive two tap fees from Remington Hills this month and that puts the District at about 62% of projections for 2007.

Upon motion duly made and seconded and carried unanimously the financials were accepted as presented.

Approval of Bills, Invoices/Vouchers and Draw Requests

Upon motion duly made and seconded and carried unanimously the payment of invoices and vouchers for August was approved.

Discussion of Revised Impact Fees

Mr. Rick Giardina talked the Board through a slide presentation on calculating impact fees and Red Oak’s conclusion on what the maximum supportable impact fees are for roads and bridges, drainage and Parks and Rec on residential, commercial, office and industrial development.

Mr. Bishop inquired as to how other entities cover costs of improvements without impact fees.

Mr. Giardina responded that those costs are there and do not go away and those costs must then be covered by other fees such as sales tax dollars or property tax. Communities that adopt impact fees historically have lower user fees. The fundamental premise for impact fees is that you are shifting the cost of growth to those who pay the impact fees, new development.

Mr. Kevin Burnett then presented alternatives to the maximum supportable impact fee.

Discussion then followed on the methodology of setting the impact fees and discrimination in collection of the fees.

Mr. Bishop expressed concern over impact fees that could drive commercial development to other areas.

Mr. Giardina stated that as long as your fees are reasonable and supportable then they don’t become an issue. Remember that we are building backbone infrastructure to permit residents to get to the commercial development.

Discussion followed on whether to grandfather certain developments and consensus was reached to not grandfather.

Discussion ensued over the pros and cons of a sales tax rebate program.

Consensus was reached to adopt the maximum supportable residential impact fees and to adopt alternative three for the commercial, office and industrial fees with a five year phase in plan by increasing the COI impact fees by 10% each year until the maximum supportable impact fee is attained.

Approval of Resolution 07-10 Change of Impact Fees

Upon motion made and duly seconded approval of Resolution 07-10 Change of Impact fees carried unanimously.

Presentation of the Proposed Budget for 2008

Mr. Bishop presented the first draft of the proposed 2008 budget.

Discussion then followed on the draft budget concerning rates and the amount of future rate increases. Mr. Bishop updated the Board on interest expense and capital improvement projects proposed for 2008. Mr. Bishop requested that each member of the Board review the proposed budget and submit comments to him prior to the October meeting when the proposed 2008 budget will be presented again.

Pump Stats

Mr. Bishop presented the pump stats with an added total depicting the water being used from the Phelan Water Purchase Agreement and that accountability was at 94%.

CIP/Annexation Status

Mr. Bishop updated the Board on the changes to the CIP Status.

PPRWA

Mr. Bishop reported on the activities of the Pikes Peak Regional Water Authority. He updated the Board on the Water Infrastructure study and ongoing quest for renewable water.

Mr. Bishop stated that the study has gone over budget by about $30,000.00 and that Triview Metropolitan District’s share of this additional cost is $10,000.00 and recommended that the Board authorize payment.

Upon motion made and duly seconded approval to pay the additional $10,000.00 for WIPS carried unanimously.

Mr. Susemihl reported that Pikes Peak Water Authority is getting stronger politically and that real progress is being made on a plan for renewable water.

Mr. Bishop explained that the goal is to obtain some renewable water to relieve the stress on the Denver Basin Aquifers and to conserve this finite source of water.

Direct re-use and indirect re-use was discussed on how to utilize this additional water resource.

MCI

Mr. Repp reported that the line is in and being pressure tested.

New Water Tank/ Expansion of Treatment Plant B

Mr. Repp reported that the cost estimate is being finalized and that we are expecting comments from the State this week and we are proposing to advertise for bids on October 8, 2007.

WWTF Expansion

Mr. Eskridge reported on the tour that was taken on September 15, 2007 and commented that it is a well run plant.

Mr. Veenendaal also commented that he thought that the tour was very worthwhile and that it increased his knowledge of what Triview Metropolitan District does and informed him on where his money is going.

Mr. Bishop presented the expansion budget for the month. He informed the Board that we are in the middle of completing our application for additional loan money from the Colorado Water and Power Resources Development Authority to pay for the additional costs.

Mr. Bishop explained that some of the expansion will cover phase III and one of the things is to install electrical panels to operate the Ultra Violet disinfection system in phase III at an estimated cost of $200,000.00. This money will come from the contingency fund.

DMR

Mr. Bishop presented the Discharge Monitoring Report for the month of August stating that the plant is doing very well and that all parameters are well below the discharge permit requirements for the month.

Tri-Lakes Leadership Conference

Mr. Bishop reported on the Tri-Lakes Leadership Conference and informed the Board that he was invited to the conference by Mr. Rick Blevins. The conference was very well attended and covered a number of topics and was well worth his time.

Tri-Lakes Marketing Group

Mr. Bishop updated the Board on his presentation on the Denver Basin Aquifers to the Tri-Lakes Marketing Group.

Monument Ridge

Mr. Bishop presented the latest letter from Monument Ridge

December Board Meeting

The Board set the December board meeting for December 11, 2007 at 4:00 p.m. and determined to hold the 2008 budget public hearing at this meeting.

Engineer’s Report

Mr. Repp reported that Promontory Pointe had resolved their erosion control issues.

AM West moved their schedule up a month to equip well A-8 to get ahead of the weather.

Attorney’s Report

Mr. Susemihl commented that Steve Stephenson is one of the best board members he has ever worked with.

Public Comment

There was no further public comment.

Other Business

Mr. Gorham B. Stephenson submitted his resignation from the Board of Directors of Triview Metropolitan District effective the morning of September 26, 2007.

All board members and staff expressed their heartfelt appreciation for the hard work and dedication of Mr. Stephenson and stated that he will be greatly missed.

Mr. Bishop requested that Mr. Stephenson returned for the October Board meeting.

Mr. Veenendaal indicated that he would be interested in sitting on the Board of Directors of Triview Metropolitan District.

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 approximately 7:05 p.m.

Larry D. Bishop, Sr.

Manager