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

Robert Eskridge

Also present were Larry D. Bishop, Sr., District Manager, Triview Metropolitan District, Dale Hill, District Administrator, Triview Metropolitan District, Thomas Repp, Nolte Engineering, Pete Susemihl, Susemihl, McDermott and Cowan P.C., and Jim Kendrick, 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.

Election of Officers

Mr. Belzer opened the floor for nominations for President of the Board and upon motion made Julie Glenn was nominated and Mrs. Glenn declined the nomination. Upon motion made and duly seconded Mr. Robert Eskridge was nominated. There being no further nominations, nominations were closed and Mr. Eskridge was elected President of the Board with Mrs. Glenn abstaining.

Mr. Eskridge then opened the floor for nominations for the Vice President and upon motion made and duly seconded Mr. Joe Martin was nominated and elected as Vice President unanimously.

Mr. Eskridge then opened the floor for nominations for the Secretary/Treasurer and upon motion made and duly seconded Mr. Mark Veenendaal was nominated and elected as Secretary/Treasurer unanimously.

The following are the newly elected officers of the Board of Directors of Triview Metropolitan District:

Robert Eskridge President

Joe Martin Vice President

Mark Veenendaal Secretary/Treasurer

Recognition of Steve Sheffield

Mr. Bishop then presented Mr. Sheffield to the Board and informed the Board that he had past his “B” Water certification in the State of Colorado on his first attempt and that this is a monumental accomplishment. The Board congratulated Mr. Sheffield.

Sign Resolutions 07-09 and 07-11

With election of officers the unfinished business from last month’s meeting, signing the resolutions, was completed.

Approval of Minutes

Upon motion made and duly seconded the minutes of October 23, 2007 were approved unanimously with one minor change.

Presentation of Financials

Mrs. Hill then presented the financials for September 2007 to the Board and informed the Board that we have reallocated the expense concerning the Prebles Mouse from the Enterprise fund to the General Fund.

Mrs. Hill informed the board that the District has received three tap fees for the month, two from Walgreens in Monument Ridge and one from Classic.

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

Approval of Bills, Invoices/Vouchers and Draw Requests

Mrs. Hill informed the Board of unusual expenses incurred during the month. Upon motion duly made and seconded and carried unanimously the payment of invoices and vouchers for October was approved.

Approval of Rate Increase for 2008 Resolution 07-12

Mr. Bishop presented a spread sheet depicting water and sewer rate comparisons of some of the entities in northern El Paso County and discussion followed.

Mr. Bishop further updated the Board on the recommended 10% rate increase for water and 20% rate increase for sewer to be able to maintain our loan agreement and meet the reserve requirement.

Discussion then ensued on whether or not the higher usage blocks are priced too low. Mr. Bishop then agreed that conservation is often forced through higher rates for higher usage.

Upon motion made and duly seconded the rate increase for 2008 carried unanimously.

It was noted that Woodmoor Water and Sanitation District has changed their block structure as well as authorizing 7.5% rate increases through 2013.

Approval of IGA with the Town for Operations and Maintenance for 2008

Mr. Bishop presented the Annual IGA for Operations and Maintenance of our water system with an increase in price to include the maintenance of TMD’s sewer collection system.

Upon motion made and duly seconded the approval of the IGA with the Town carried unanimously.

Approval of Addendum establishing the Pikes Peak Regional Water Authority

Mr. Bishop explained to the Board the purpose of approving the Addendum establishing the Pikes Peak Regional Water Authority is to permit the City of Fountain to become a member.

Upon motion made and duly seconded the approval of the Addendum establishing the Pikes Peak Regional Water Authority carried unanimously.

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 INVEnergy.

Mr. Bishop informed the Board of the continuing efforts of PPRWA to acquire a satellite well field and renewable water supply for the entities in Northern El Paso County.

Mr. Bishop added that the PPRWA is a viable political organization and is planning a presentation to State Legislators to inform them of the organization and its goals on Friday, November 30^th, 2007 at the Town Hall, Town of Monument.

Once again Mr. Bishop reminded the Board of the cost of membership and that he was looking at whether or not to continue, due to the financial constraints of the District realizing that opting out now and then wanting to re-join at a later time may be more costly.

Monument Car Wash Approval of Contract

Mr. Bishop presented the Monument Car Wash contract to the Board and went through the details of the contract.

Upon motion made and duly seconded the Monument Car Wash contract was approved unanimously.

New Water Tank/ Expansion of Treatment Plant B

Mr. Bishop updated the Board on awarding the contract to Weaver Construction, adding that it is a 22 week project and that coordination is taking place with Donala Water and Sanitation District to provide water to Triview during plant shut down if that becomes necessary.

Mr. Repp informed the Board that everything has been submitted to Regional for permits and that Nolte will be spending fifteen hours a week on site overseeing the construction.

WWTF Expansion

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

Mr. Bishop updated the Board on the status of the loan application for the additional funding necessary to complete the expansion.

Discussion and questions from the Board followed.

DMR

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

Monument Ridge

Mr. Bishop updated the Board on the current status of Monument Ridge and efforts in obtaining the deed to the water rights.

404 Permit

Mr. Bishop reported that TMD had met with consultants and the Town concerning some sedimentation that had been deposited in permitted areas of Triview from offsite and that a plan was being formulated on clean up of the sediment.

Mr. Bishop further reported that we are close to submitting our plan for compliance.

Ballot Question and Future CIP

Mr. Bishop informed the Board on several options that are available to fund future infrastructure to serve future growth.

Engineer’s Report

Mr. Repp updated the Board on Promontory Pointe.

Attorney’s Report

The Attorney had nothing further to report.

Public Comment

There was no public comment.

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 6:15 p.m.

Larry D. Bishop, Sr.

Manager