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:

Robert Eskridge

Julie Glenn

Joe Martin

Mark Veenendaal

Robert Fisher

Also present were Ron Simpson, Acting District Manager, Triview Metropolitan District, Dale Hill, District Administrator, Pete Susemihl, Susemihl, McDermott & Cowan, P.C.; Thomas Repp, Nolte Engineering;

and Tom Kassawara, Monument Director of Development Services.

Guests: Byron Glenn, Citizen; Jim Kendrick, OCN and Rick Blevins JCLC.

Call to Order & Quorum

President Robert Eskridge 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 5:02 pm.

Oath of Office

Notice & Posting

The President recognized Mr. Susemihl who gave the Oath of Office to Robert Fisher and which he signed.

It was noted that the Meeting was properly noticed and posted as was the Work Session with the Town that will occur at 6:30 pm that evening.

Approval of Minutes

The minutes of the December 11. 2007 and January 22, 2008 Meetings of January 9, 2008 were considered. Mrs. Glenn offered corrections to the

December draft minutes and Mr. Simpson stated that the errors were corrected after distribution. Upon motion and second, the Minutes were unanimously approved.

Public Comment

Administrator’s

Report

The President called for any Public Comment to which there was no response and the next Agenda Item was considered.

Mrs. Hill distributed the current Financial Statement and qualified what was not included due to year end reporting and the lag due to transit of funds. Mrs. Glenn made several inquiries as to specific Category amounts shown.

Under Streets the amounts included repairs on several streets including the Parkway and crosswalk re-striping. Mr. Fisher raised issues on curb damage.

The inlets on the Parkway were also discussed. In Revenues the small overage resulted from Budget amendment.

A discussion on the leased automobile occurred including the history, cost for the vehicle and possible methods to eliminate that expense. The suggestion

of not renewing the lease will be investigated.

Invoices were considered with the quarterly payment to Donala for the WWTF operations and the Pikes Peak Regional Water Authority (PPRWA) as the two abnormal bills. A motion to pay the invoices was made, duly seconded and unanimously approved.

The 2008 Engagement Letter for the Auditors, Hoelting and Company, was discussed. Mrs. Hill pointed out that the Water and Power Loan for the WWTF requires a quarterly audit and Triview may see increased costs but the Budget amount ($30,000) may be sufficient. A motion was made to approve the Engagement Letter, duly seconded and unanimously adopted.

District Engineer’s Report

District Attorney’s Report

District 1

Manager’s

Report

2

3

4

5

6

Adjournment

Mr. Repp reported on the expansion of the Water Treatment Plant “B”. It is moving forward and it is going fairly well. The common Water Standards for Triview and the Town are finished and have been submitted for approval.

Responding to questions, Mr. Repp stated that the weekly meetings with Weaver Construction have helped solve the communication issues.

Mr. Susemihl reported on proposed legislation that he has been monitoring.

The main one was on restricting services by a district outside its boundaries.

That proposal died in committee with exception of a requirement to submit annual reports from districts to cities and counties which may also be rejected. Other proposals were also described.

Mr. Simpson reported on the PPRWA and presented an evaluation of the three outstanding issues of 2008 Dues of $25,000, a payment of approximately $5,900 on the Boyle Study and a revision to the WHIPS Study for $17,000 from Triview. His position to pay the Dues and the money owed on the Boyle effort was explained. Mr. Simpson stated that at this time it was difficult for Triview to allocate the funds for the revision to WHIPS.

Mr. Susemihl added that he agreed with the recommendation. He suggested that at this juncture the group needs to look at the financial program to solve the water problems. The group has grown to be significant and Triview should remain involved. There was continued discussion on the activities of the PPRWA and the potential benefits of remaining involved in the effort. Consideration of structure, direction, representation and objectives was occurred. The Board concurred with the recommendations.

Mr. Simpson then acknowledged Mr. Blevins presence and described a request he made to Triview on behalf of Vision Development related to improvements for Copper Heights that include an amount of approximately $894,000 that was considered to be the District’s expense under the Service Plan.

Vision Development understands that Triview does not have the funds and can not issue new debt to cover the costs; therefore, how will compensation occur. Mr. Simpson said there was no concrete answer to the request. Mr. Susemihl stated that the only thing Triview can do is to call it developer reimbursement and pay for it when the District can.

Mr. Blevins stated that there a way has to found to provide District infrastructure or development will stop. Copper Heights will be developed at a lower price point to try and encourage home building during ’08 and Vision could break ground in 30 days if a solution can be found.

Mr. Simpson continued that the Impact Fee schedule is being re-examined to determine if there is a more pertinent schedule that will not be as onerous as the current one. He and Mrs. Hill are working with Red Oak on the issue. It is hoped that a recommendation will be produced by the March Meeting.

There was then discussion on the effects of the Fees on development and that the ones being used are causing potential commercial users to go elsewhere. Mr. Blevins added that he concurred that the Fees have cost Vision the Discount Tire store. A discussion on how to proceed as soon as possible on revising the Schedule and it was agreed that, if it was determined that a user was going elsewhere due to the Fees, a Special Meeting would be called to address the situation.

The Triview Office building is on the market and when it is put under contract the District will be given a 30-day notice of lease cancellation.

The WWTF cost situation was presented by Mr. Simpson based upon a meeting with Mr. Duthie of Donala and Mr. Sams of GMS at the Facility. An updated report was received late that afternoon that estimated the costs for the items that were more than the budget. It turns out to be a combination of events that include: initial under estimation and the program called for a “design-build” contract to get to final numbers; repair and replacement of existing items was far more extensive than planned; items had to be added to compensate for current deficiencies; items had to be included at this time that provide service related to the next expansion which equate to almost 50% of the increase and there were large cost increases in materials during the time between bidding and construction. Mr. Simpson described how the contract works, the amendment process and the level of control utilized. Approximately 75-80% of the construction is complete and 40% of equipment installed. However, most of the equipment is now stockpile on site and it becomes a matter of installation.

The Water and Power Loan was discussed and the implications of the extension. The conditions on the Loan were described and explained that Water and Power can dictate rate increases if there needs to be an increase in the loan-to-revenue ratio.

Mr. Repp requested that the Board approved the agreed upon Water Standards for the District. It was moved, duly seconded and unanimously acted upon to approve the Standards.

There being no further business to come before the Board and upon a motion duly made, seconded and unanimously carried, the Meeting was adjourned at 6:18 pm.

Submitted by:

Ronald J. Simpson

Acting Manager