December 9, 2009


President Gary Hansen brought the meeting to order at 6:30pm.Attending were Gary Hansen, Carol Crozman, Jim Stewart, Randy Alexander, Lois Lund and Ed Striebel.


Secretary's Report:Jim read the minutes from the November meeting.Jim motioned to accept the minutes with a 2nd by Carol.


Income Statement:Lois presented the income statement.We had a net income of $637.

There is slightly over $40,000 in our money market account that is earning about $21 a month in interest.More about that in New Business.†† A motion was made to accept the income statement by Gary, 2nd by Jim.


Water Report:Ed presented the water report.Water losses were at 29 percent which is about the best to be hoped for given that we have three ongoing leaks.†† One is on the main line along Chickadee Lane and it cannot be isolated.†† Another is on the main along Woodland Dr between Chickadee and Bluebird.The third is on the main above Junco Lane.Other than there was no activity on the water system.Jim made a motion to accept the water report with a 2nd by Gary.


Old Business:The board discussed the proposals from CETEC and FourFront for the engineering study.†† Jim made a motion to select CETEC to perform the study with a 2nd by Carol.The board voted 4-0 to pass the motion

New Business:Terry Nelson presented investment options.The board has always elected to invest in CDís.A three month CD has an interest rate of 0.5% while a 30 year CD pays 4.75.†† The board decided to invest $20,000 of the $40,000 in our money market account.Any of the CDís can be ďcashed iní early without penalty.


The next board meeting will be Wednesday, January 13, 2010 at 6:30pm.

Meeting adjourned at 7:21pm

Submitted by Jim Stewart, Recording Secretary.