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:

Joe Belzer

Julie Glenn

Joe Martin

Mark Veenendaal

Absent:

Robert Eskridge (Excused)

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., Gorham B. Stephenson, citizen, and John Heiser, OCN.

Call to Order

Director Joe Belzer 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 5:00 pm.

Notice and Posting

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

New Board Member

The Board of Directors welcomed Mr. Mark Veenendaal as a new member of the Board of Directors of Triview Metropolitan District.

Election of Officers

The election of officers was set aside until the next regularly scheduled Board meeting of November 27^th, 2007.

Approval of Resolution 07-09 and Presentation of Plaque

Upon motion made and duly seconded and unanimously carried Resolution 07-09 recognizing Mr. Gorham B. Stephenson’s service on the Board of Directors of Triview Metropolitan District was read into the minutes as follows:

RESOLUTION 07-09

OF THE

TRIVIEW METROPOLITAN DISTRICT

REGARDING THE SERVICE OF

GORHAM B. STEPHENSON

WHEREAS, Triview Metropolitan District is a special district located within El Paso County, Colorado, organized pursuant to Article 1 of Title 32, Colorado Revised Statutes, know as the “Special District Act’; and

WHEREAS, Gorham B. Stephenson (Steve) served as a Director on the Board of Triview Metropolitan District from July 2003 until October 2007; and

WHEREAS, during his four years of service to the Triview Metropolitan District, Steve has faithfully provided service to Triview Metropolitan District and to the residents of the District by his interest and involvement in the District as well as by his continual interest and involvement in improving services and representing the residents of Triview Metropolitan District and their interests; and

WHEREAS, Steve served most of his time as President of the Board of Directors of Triview Metropolitan District; and

WHEREAS, Steve Stephenson’s service and dedication have materially contributed to the successful operation and positive reputation of the Triview Metropolitan District; and

NOW, THEREFORE, BE IT RESOLVED that the undersigned officers, on behalf of the Triview Metropolitan District of El Paso County, Colorado, hereby express their appreciation to Steve for his faithful and dedicated service and leadership.

BE IT FURTHER RESOLVED that this resolution be read into the minutes of the Triview Metropolitan District and thereafter preserved as a tribute to Steve Stephenson’s service and an executed copy thereof be first read and then delivered to him.

Mr. Bishop then presented a plaque to Mr. Stephenson, on behalf of the Board of Directors and staff of Triview Metropolitan District, in recognition of his dedicated service.

Mr. Stephenson commented and thanked the Board and Staff.

Approval of Resolution 07-11 and Presentation of Plaque

Upon made, duly seconded and carried unanimously Resolution 07-11 recognizing Mr. Charles Ritter’s service to Triview Metropolitan District as its engineer and read into the minutes as follows:

RESOLUTION 07-11

OF THE

TRIVIEW METROPOLITAN DISTRICT

REGARDING THE SERVICE OF

Charles M. Ritter

WHEREAS, Triview Metropolitan District is a special district located within El Paso County, Colorado, organized pursuant to Article 1 of Title 32, Colorado Revised Statutes, know as the “Special District Act’; and

WHEREAS, Charles M. Ritter (Chuck) served as the District Engineer for Triview Metropolitan District from 1998 until October 2007; and

WHEREAS, during his nine years of service to the Triview Metropolitan District, Chuck has faithfully provided service to Triview Metropolitan District and to the residents of the District by his interest and involvement in the District as well as by his commitment to excellence and his involvement in improving services and designing infrastructure; and

WHEREAS, Chuck served as the District Engineer with distinction and with the utmost integrity; and

WHEREAS, Chuck Ritter’s service and dedication have materially contributed to the successful operation and positive reputation of the Triview Metropolitan District; and

NOW, THEREFORE, BE IT RESOLVED that the undersigned officers, on behalf of the Triview Metropolitan District of El Paso County, Colorado, hereby express their appreciation to Chuck for his faithful and dedicated service.

BE IT FURTHER RESOLVED that this resolution be read into the minutes of the Triview Metropolitan District and thereafter preserved as a tribute to Chuck Ritter’s service and an executed copy thereof be first read and then delivered to him.

Mr. Bishop then presented a plague to Mr. Ritter, on behalf of the Board of Directors of Triview Metropolitan District and staff, recognizing his service to the District.

Mr. Ritter commented and thanked the Board and staff.

Remarketing Certificate

Upon motion made and duly seconded the Certificate of the District for the remarketing of the 2003A and 2006A bonds authorizing the Vice President to sign the Certificate was approved unanimously.

Discussion of Ballot Question

Discussion ensued surrounding the ballot question. Mr. Bishop informed the Board that he would come back after the results of the election to discussion options based on the outcome. Board members expressed that there should have been more education and publicity on the issue on the ballot issues.

Approval of Minutes

Upon motion made and duly seconded the minutes of September 25, 2007 were approved unanimously.

Upon motion made and duly seconded to excuse Mr. Robert Eskridge from the board meeting carried unanimously.

Presentation of Financials

Mrs. Hill then presented the financials for August 2007 to the Board.

Mrs. Hill informed the board that the District has received two tap fees for the month.

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 September was approved.

Presentation of the Proposed Budget for 2008

Mr. Bishop presented the second draft of the proposed 2008 budget and noted that expenses on the Enterprise side were cut by about $300,000.00. He further explained that the problem with the 2008 proposed budget was a substantial decrease in revenue on the Enterprise budget that is forecasted based upon the downturn in the market. Further discussion ensued concerning proposed rate increases in 2008.

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 95%.

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. Mr. Bishop updated the Board on the term sheet with INVEnergy.

Mr. Bishop informed the Board of the consolidation concept for operations and maintenance of the water systems of the members.

The proposed Boyle study was presented and what that might mean to the members.

Mr. Bishop stated that he is looking very hard at whether or not he will recommend continued membership in the PPRWA based on the financial constraints of the District plus the fact that Triview has paid the lions share of the WIP study and that he is waiting on the results of the study to determine if Triview has received the lions share of the benefit of the study. Paying approximately one-third of the study did not entitle Triview to more than one vote on the direction of the study.

El Paso County Water Authority

Mr. Bishop updated the Board on the Groundwater Conference that was sponsored by the El Paso County Water Authority last month.

New Water Tank/ Expansion of Treatment Plant B

Mr. Bishop informed the Board that the District has held a pre-bid meeting for the project and that the turnout was very good and that the bid opening is at 2:00 p.m. on Thursday October 25, 2007 at Triview.

Mr. Repp added that we have State approval with minor contingencies and we are moving forward

WWTF Expansion

Mr. Bishop presented the Expansion budget with the total estimated construction completion costs.

DMR

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

Promontory Pointe

Mr. Bishop brought the Board up to date on the status of the development in Promontory Pointe.

THF Reality

Mr. Bishop reported on the meeting with the Town of Monument, Red Oak and THF Reality on the development of The Timbers.

Rate Discussion

Mr. Bishop presented a water and sewer rate comparison to the Board for 2008.

404 Permit

Mr. Bishop reported that after a complete inventory that it appears that we are in pretty good shape with compliance issues.

Engineer’s Report

Mr. Repp reported that the contractor will begin equipping well A-8 next week.

Attorney’s Report

The Attorney had nothing further to report.

Public Comment

There was no public comment.

Other Business

The traffic light poles on Baptist road were a topic of discussion because of the high silver color that reflects light.

The Board requested a work session right after the holidays.

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 6:35 p.m.

Larry D. Bishop, Sr.

Manager