Water Committee
Meeting Minutes
October 11, 2001

Present: Rick Johnson Jim Davis Will Potter Mike Shelton Harriet Vaugeois John Woods

Also Present: Tom Stephens

This is a summary of two meetings of the Water Committee held on October 4th and October 11th, 2001.

The focus of the Committee for these meetings was on the preparation for and review of discussions with Robert Winter and John Mitchell, the attorneys representing the Ranch with regards to the water system and the OPEC contract.

The Committee agreed to draft a written communication to be posted on the Santa Fe Trail Ranch web site and be available as a hand-out at the October 19th town meeting and distributed with annual meeting minutes. This document is intended to clarify the current state of the project, remedies available for resolving the current stalemate with OPEC and cost estimates going forward. The goal is to have this information posted by Tuesday, October 16, 2001.

A number of assignments were made within the Committee in order to keep the project moving forward:

• Rick Johnson will confirm that Clyde Young will be present at the town meeting to address his assessment of the system as an outside water system engineer.
• Will Potter will confirm John Mitchell’s appearance at the town meeting to speak about our legal options.
• Jim Davis will confirm that Rick Krone, with the firm of Grimshaw and Harring, will be available to discuss the importance of maintaining the integrity of our Metropolitan District and debt financing.
• Mike Shelton will take the responsibility of winterizing and securing the system.
• Rick Johnson will contact POA Board candidates to update them on status of the water system.
• Jim Davis will prepare the initial draft of the communication piece and the Committee will approve this via e-mail on Monday, October 15th.
• In the absence of Rick Johnson in the coming weeks, Jim Davis will serve as Committee chair.

The next meeting of the Water Committee will be 4 p.m. on October 31, 2001 at Jim Davis’ house.