President Jim Stewart brought the meeting to order at 6:30pm.  Attending were Jim, Kathy Colasardo, Ev Hutchings, Gary Hansen, Lois Lund & Ed Streibel.


Secretary’s Report

Kathy read the minutes from Sept’s meeting.  A motion to accept by Ev, 2nd by Gary.  Minutes passed.


Income Statement

Dain Rauscher fee of $100 will be questioned – never been charged a service fee before.  Gary made a motion to accept, Jim 2nd.


Water System Report

Ed & Ev did an inventory of our equipment & buildings for insurance purposes.  Water losses at 32%.  Nothing else to report.  Jim motioned to accept, 2nd by Gary. 


Old Business

 Jaycox issue is pending.


New Business

A meter replacement program was discussed.  Jim researched websites on various water policies & meter problems.  Meters last between 15-20 years at the most.  Ev made a motion to accept a meter replacement program at 12 a year starting with the older homes.  Kathy 2nd.   The vote passed 4-0.  Ev handed out paperwork of the renewed insurance policy with the updated numbers.  The last time this was done was 5 years ago.  The new rate is approx $152 more a year.  Jim made a motion to accept the new numbers & Gary 2nd, vote passed 4-0.  This will go into effect 11/16/06.  We should get an electrician and/or a plumber to give us an estimate of what their replacement labor cost would be in case of damages due to a fire for example.        



Meeting adjourned at 7:30pm

Respectfully submitted,

Kathy A. Colasardo

Recording Secretary