Minutes July 21, 2008

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=2 height=125 BGCOLOR="#996699" TEXT="#080000" bgproperties="fixed" background="1da467d1erlcll.gif"> <div> <FONT SIZE="5" COLOR="#FFFFFF" FACE="Arial" ><B>Cornerstones Municipal Utility District</B></FONT><B>     </B><B>|     </B><A HREF="index.htm" TARGET="_top" TITLE="Cornerstones Municipal Utility District"><U><B>home</B></U></A></div> <div> back to<B>  </B><A HREF="id27.htm" TARGET="_top" TITLE="Archived Minutes"><U><B>Archived Minutes</B></U></A></div> <div> </div> </td> </tr><tr> <td valign="top" width=190 BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <A HREF="id190.htm" TARGET="_top" TITLE="Minutes January 19, 2004"><U>Minutes January 19, 2004</U></A></div> <div> <A HREF="id196.htm" TARGET="_top" TITLE="Minutes February 16, 2004"><U>Minutes February 16, 2004</U></A></div> <div> <A HREF="id197.htm" TARGET="_top" TITLE="Minutes March 15, 2004"><U>Minutes March 15, 2004</U></A></div> <div> <A HREF="id199.htm" TARGET="_top" TITLE="Minutes April 19, 2004"><U>Minutes April 19, 2004</U></A></div> <div> <A HREF="id209.htm" TARGET="_top" TITLE="Minutes May 17, 2004"><U>Minutes May 17, 2004</U></A></div> <div> <A HREF="id210.htm" TARGET="_top" TITLE="Minutes June 21, 2004"><U>Minutes June 21, 2004</U></A></div> <div> <A HREF="id211.htm" TARGET="_top" TITLE="Minutes July 19, 2004"><U>Minutes July 19, 2004</U></A></div> <div> <A HREF="id212.htm" TARGET="_top" TITLE="Minutes July 26, 2004"><U>Minutes July 26, 2004</U></A></div> <div> <A HREF="id213.htm" TARGET="_top" TITLE="Minutes August 16, 2004"><U>Minutes August 16, 2004</U></A></div> <div> <A HREF="id214.htm" TARGET="_top" TITLE="Minutes September 20, 2004"><U>Minutes September 20, 2004</U></A></div> <div> <A HREF="id215.htm" TARGET="_top" TITLE="Minutes October 18, 2004"><U>Minutes October 18, 2004</U></A></div> <div> <A HREF="id248.htm" TARGET="_top" TITLE="Minutes December 19, 2005"><U>Minutes December 19, 2005</U></A></div> <div> <A HREF="id217.htm" TARGET="_top" TITLE="Minutes November 15, 2004"><U>Minutes November 15, 2004</U></A></div> <div> <A HREF="id218.htm" TARGET="_top" TITLE="Minutes December 20, 2004"><U>Minutes December 20, 2004</U></A></div> <div> <A HREF="id219.htm" TARGET="_top" TITLE="Minutes January 17, 2005"><U>Minutes January 17, 2005</U></A></div> <div> <A HREF="id220.htm" TARGET="_top" TITLE="Minutes February 8, 2005"><U>Minutes February 8, 2005</U></A></div> <div> <A HREF="id221.htm" TARGET="_top" TITLE="Minutes February 21, 2005"><U>Minutes February 21, 2005</U></A></div> <div> <A HREF="id228.htm" TARGET="_top" TITLE="Minutes March 21, 2005"><U>Minutes March 21, 2005</U></A></div> <div> <A HREF="id229.htm" TARGET="_top" TITLE="Minutes April 18, 2005"><U>Minutes April 18, 2005</U></A></div> <div> <A HREF="id235.htm" TARGET="_top" TITLE="Minutes May 16, 2005"><U>Minutes May 16, 2005</U></A></div> <div> <A HREF="id236.htm" TARGET="_top" TITLE="Minutes June 14, 2005"><U>Minutes June 14, 2005</U></A></div> <div> <A HREF="id237.htm" TARGET="_top" TITLE="Minutes June 20, 2005"><U>Minutes June 20, 2005</U></A></div> <div> <A HREF="id238.htm" TARGET="_top" TITLE="Minutes July 18, 2005"><U>Minutes July 18, 2005</U></A></div> <div> <A HREF="id239.htm" TARGET="_top" TITLE="Minutes August 15, 2005"><U>Minutes August 15, 2005</U></A></div> <div> <A HREF="id244.htm" TARGET="_top" TITLE="Minutes September 19, 2005"><U>Minutes September 19, 2005</U></A></div> <div> <A HREF="id245.htm" TARGET="_top" TITLE="Minutes October 17, 2005"><U>Minutes October 17, 2005</U></A></div> <div> <A HREF="id246.htm" TARGET="_top" TITLE="Minutes November 21, 2005"><U>Minutes November 21, 2005</U></A></div> <div> <A HREF="id249.htm" TARGET="_top" TITLE="Minutes January 16, 2006"><U>Minutes January 16, 2006</U></A></div> <div> <A HREF="id251.htm" TARGET="_top" TITLE="Minutes February 20, 2006"><U>Minutes February 20, 2006</U></A></div> <div> <A HREF="id254.htm" TARGET="_top" TITLE="Minutes March 20, 2006"><U>Minutes March 20, 2006</U></A></div> <div> <A HREF="id255.htm" TARGET="_top" TITLE="Minutes April 17, 2006"><U>Minutes April 17, 2006</U></A></div> <div> <A HREF="id260.htm" TARGET="_top" TITLE="Minutes May 15, 2006"><U>Minutes May 15, 2006</U></A></div> <div> <A HREF="id261.htm" TARGET="_top" TITLE="Minutes June 19, 2006"><U>Minutes June 19, 2006</U></A></div> <div> <A HREF="id262.htm" TARGET="_top" TITLE="Minutes July 17, 2006"><U>Minutes July 17, 2006</U></A></div> <div> <A HREF="id263.htm" TARGET="_top" TITLE="Minutes August 21, 2006"><U>Minutes August 21, 2006</U></A></div> <div> <A HREF="id264.htm" TARGET="_top" TITLE="Minutes September 18, 2006"><U>Minutes September 18, 2006</U></A></div> <div> <A HREF="id267.htm" TARGET="_top" TITLE="Minutes October 16, 2006"><U>Minutes October 16, 2006</U></A></div> <div> <A HREF="id269.htm" TARGET="_top" TITLE="Minutes November 20, 2006"><U>Minutes November 20, 2006</U></A></div> <div> <A HREF="id272.htm" TARGET="_top" TITLE="Minutes December 18, 2006"><U>Minutes December 18, 2006</U></A></div> <div> <A HREF="id275.htm" TARGET="_top" TITLE="Minutes January 15, 2007"><U>Minutes January 15, 2007</U></A></div> <div> <A HREF="id276.htm" TARGET="_top" TITLE="Minutes February 19, 2007"><U>Minutes February 19, 2007</U></A></div> <div> <A HREF="id280.htm" TARGET="_top" TITLE="Minutes March 19, 2007"><U>Minutes March 19, 2007</U></A></div> <div> <A HREF="id277.htm" TARGET="_top" TITLE="Minutes April 16, 2007"><U>Minutes April 16, 2007</U></A></div> <div> <A HREF="id283.htm" TARGET="_top" TITLE="Minutes May 21, 2007"><U>Minutes May 21, 2007</U></A></div> <div> <A HREF="id284.htm" TARGET="_top" TITLE="Minutes June 18, 2007"><U>Minutes June 18, 2007</U></A></div> <div> <A HREF="id287.htm" TARGET="_top" TITLE="Minutes July 16, 2007"><U>Minutes July 16, 2007</U></A></div> <div> <A HREF="id290.htm" TARGET="_top" TITLE="Minutes August 20, 2007"><U>Minutes August 20, 2007</U></A></div> <div> <A HREF="id291.htm" TARGET="_top" TITLE="Minutes September 17, 2007"><U>Minutes September 17, 2007</U></A></div> <div> <A HREF="id292.htm" TARGET="_top" TITLE="Minutes October 15, 2007"><U>Minutes October 15, 2007</U></A></div> <div> <A HREF="id295.htm" TARGET="_top" TITLE="Minutes November 19, 2007"><U>Minutes November 19, 2007</U></A></div> <div> <A HREF="id296.htm" TARGET="_top" TITLE="Minutes December 17, 2007"><U>Minutes December 17, 2007</U></A></div> <div> <A HREF="id297.htm" TARGET="_top" TITLE="Minutes January 21, 2008"><U>Minutes January 21, 2008</U></A></div> <div> <A HREF="id298.htm" TARGET="_top" TITLE="Minutes February 18, 2008"><U>Minutes February 18, 2008</U></A></div> <div> <A HREF="id299.htm" TARGET="_top" TITLE="Minutes March 17, 2008"><U>Minutes March 17, 2008</U></A></div> <div> <A HREF="id304.htm" TARGET="_top" TITLE="Minutes April 21, 2008"><U>Minutes April 21, 2008</U></A></div> <div> <A HREF="id305.htm" TARGET="_top" TITLE="Minutes May 19, 2008"><U>Minutes May 19, 2008</U></A></div> <div> <A HREF="id308.htm" TARGET="_top" TITLE="Minutes June 16, 2008"><U>Minutes June 16, 2008</U></A></div> <div> <B>Minutes July 21, 2008</B></div> <div> <A HREF="id313.htm" TARGET="_top" TITLE="Minutes August 18, 2008"><U>Minutes August 18, 2008</U></A></div> <div> <A HREF="id316.htm" TARGET="_top" TITLE="Minutes September 22, 2008"><U>Minutes September 22, 2008</U></A></div> <div> <A HREF="id317.htm" TARGET="_top" TITLE="Minutes September 26, 2008"><U>Minutes September 26, 2008</U></A></div> <div> <A HREF="id319.htm" TARGET="_top" TITLE="Minutes October 20, 2008"><U>Minutes October 20, 2008</U></A></div> <div> <A HREF="id322.htm" TARGET="_top" TITLE="Minutes November 17, 2008"><U>Minutes November 17, 2008</U></A></div> <div> <A HREF="id323.htm" TARGET="_top" TITLE="Minutes December 15, 2008"><U>Minutes December 15, 2008</U></A></div> <div> <A HREF="id325.htm" TARGET="_top" TITLE="Minutes January 19, 2009"><U>Minutes January 19, 2009</U></A></div> <div> <A HREF="id326.htm" TARGET="_top" TITLE="Minutes February 16, 2009"><U>Minutes February 16, 2009</U></A></div> <div> <A HREF="id328.htm" TARGET="_top" TITLE="Minutes March 16, 2009"><U>Minutes March 16, 2009</U></A></div> <div> <A HREF="id330.htm" TARGET="_top" TITLE="Minutes April 20, 2009"><U>Minutes April 20, 2009</U></A></div> <div> <A HREF="id334.htm" TARGET="_top" TITLE="Minutes May 18, 2009"><U>Minutes May 18, 2009</U></A></div> <div> <A HREF="id335.htm" TARGET="_top" TITLE="Minutes June 15, 2009"><U>Minutes June 15, 2009</U></A></div> <div> <A HREF="id338.htm" TARGET="_top" TITLE="Minutes July 20, 2009"><U>Minutes July 20, 2009</U></A></div> <div> <A HREF="id339.htm" TARGET="_top" TITLE="Minutes August 17, 2009"><U>Minutes August 17, 2009</U></A></div> <div> <A HREF="id340.htm" TARGET="_top" TITLE="Minutes September 21, 2009"><U>Minutes September 21, 2009</U></A></div> <div> <A HREF="id344.htm" TARGET="_top" TITLE="Minutes October 19, 2009"><U>Minutes October 19, 2009</U></A></div> <div> <A HREF="id346.htm" TARGET="_top" TITLE="Minutes November 16, 2009"><U>Minutes November 16, 2009</U></A></div> <div> <A HREF="id347.htm" TARGET="_top" TITLE="Minutes December 21, 2009"><U>Minutes December 21, 2009</U></A></div> <div> <A HREF="id349.htm" TARGET="_top" TITLE="Minutes January 18, 2010"><U>Minutes January 18, 2010</U></A></div> <div> <A HREF="id350.htm" TARGET="_top" TITLE="Minutes February 15, 2010"><U>Minutes February 15, 2010</U></A></div> <div> <A HREF="id353.htm" TARGET="_top" TITLE="Minutes March 15, 2010"><U>Minutes March 15, 2010</U></A></div> <div> <A HREF="id355.htm" TARGET="_top" TITLE="Minutes April 9, 2010"><U>Minutes April 9, 2010</U></A></div> <div> <A HREF="id357.htm" TARGET="_top" TITLE="Minutes May 17, 2010"><U>Minutes May 17, 2010</U></A></div> <div> <A HREF="id359.htm" TARGET="_top" TITLE="Minutes June 21, 2010"><U>Minutes June 21, 2010</U></A></div> <div> <A HREF="id361.htm" TARGET="_top" TITLE="Minutes July 19, 2010"><U>Minutes July 19, 2010</U></A></div> <div> <A HREF="id363.htm" TARGET="_top" TITLE="Minutes August 16, 2010"><U>Minutes August 16, 2010</U></A></div> <div> <A HREF="id365.htm" TARGET="_top" TITLE="Minutes September 20, 2010"><U>Minutes September 20, 2010</U></A></div> <div> <A HREF="id367.htm" TARGET="_top" TITLE="Minutes October 18, 2010"><U>Minutes October 18, 2010</U></A></div> <div> <A HREF="id370.htm" TARGET="_top" TITLE="Minutes November 15, 2010"><U>Minutes November 15, 2010</U></A></div> <div> <A HREF="id372.htm" TARGET="_top" TITLE="Minutes December 20, 2010"><U>Minutes December 20, 2010</U></A></div> <div> <A HREF="id374.htm" TARGET="_top" TITLE="Minutes January 17, 2011"><U>Minutes January 17, 2011</U></A></div> <div> <A HREF="id376.htm" TARGET="_top" TITLE="Minutes February 21, 2011"><U>Minutes February 21, 2011</U></A></div> <div> <A HREF="id378.htm" TARGET="_top" TITLE="Minutes March 21, 2011"><U>Minutes March 21, 2011</U></A></div> <div> <A HREF="id380.htm" TARGET="_top" TITLE="Minutes April 18, 2011"><U>Minutes April 18, 2011</U></A></div> <div> <A HREF="id382.htm" TARGET="_top" TITLE="Minutes May 16, 2011"><U>Minutes May 16, 2011</U></A></div> <div> <A HREF="id384.htm" TARGET="_top" TITLE="Minutes June 20, 2011"><U>Minutes June 20, 2011</U></A></div> <div> <A HREF="id387.htm" TARGET="_top" TITLE="Minutes July 18, 2011"><U>Minutes July 18, 2011</U></A></div> <div> <A HREF="id389.htm" TARGET="_top" TITLE="Minutes August 15, 2011"><U>Minutes August 15, 2011</U></A></div> <div> <A HREF="id390.htm" TARGET="_top" TITLE="Minutes August 30, 2011"><U>Minutes August 30, 2011</U></A></div> <div> <A HREF="id392.htm" TARGET="_top" TITLE="Minutes September 19, 2011"><U>Minutes September 19, 2011</U></A></div> <div> <A HREF="id394.htm" TARGET="_top" TITLE="Minutes October 17, 2011"><U>Minutes October 17, 2011</U></A></div> <div> <A HREF="id396.htm" TARGET="_top" TITLE="Minutes November 21, 2011"><U>Minutes November 21, 2011</U></A></div> <div> <A HREF="id398.htm" TARGET="_top" TITLE="Minutes December 19, 2011"><U>Minutes December 19, 2011</U></A></div> <DIV ALIGN="LEFT"></DIV> <div> <B><IMG SRC="21f46600.gif" border=0 width="70" height="96" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></B></div> </td> <td valign="top" height=355 BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <B>CORNERSTONES MUNICIPAL UTILITY DISTRICT</B></div> <DIV ALIGN="LEFT"></DIV> <div> <B>Cornerstones Municipal Utility District</B></div> <div> Minutes of Meeting of Board of Directors</div> <div> July 21, 2008</div> <bR> <div>      The Board of Directors of Cornerstones Municipal Utility District (the “District”) met at 805 Hidden Canyon, Katy, Harris County, Texas at 7:00 p.m. on July 21, 2008, in accordance with the duly posted notice of said meeting, with a quorum of directors present as follows:</div> <bR> <div> Tony Garza, President</div> <div> Gary Hughes, Vice President  </div> <div> John Irwin, Secretary </div> <div> E.C. Norris, Assistant Secretary</div> <bR> <bR> <div> and being absent: </div> <bR> <div> Darryl Box, Investment Officer</div> <bR> <div> Also present were Kathie Naumow, Recording Secretary; Terry Holland of Myrtle Cruz, Inc.; Dusty Lane of Eco-Resources, Inc.; Brenda McLaughlin of Bob Leared Interests; Marvin Zahradnik of Landev Engineers, Inc.; Mark Brooks of Young & Brooks, and Noah Worley of DHK Development, Inc.</div> <bR> <div>  </div> <div> The meeting was called to order at 7:01 p.m. and declared open for such business as might come before it.</div> <bR> <div> <B><U>APPROVE MINUTES OF PRIOR MEETINGS</U></B></div> <bR> <div>           After discussion, upon motion duly made, seconded and unanimously carried, the Minutes of the June 16, 2008 meeting were approved.</div> <bR> <div>  </div> <div> <B><U>QUESTIONS/COMMENTS FROM THE PUBLIC</U></B></div> <bR> <div>          N/A</div> <bR> <div> <B><U>TAX ASSESSOR/COLLECTOR'S REPORT</U></B></div> <bR> <div>           Brenda McLaughlin of Bob Leared Interests, the District's Tax Assessor/Collector, presented the Tax Assessor/Collector report to the Board.  Taxes Receivable 8/31/2007: $17,217.07, Reserve for Uncollectibles $999.76; Adjustments $2,643.67.  Original 2007 Tax Levy: $1,158,056.50, Adjustments $74,214.58.  Total Taxes Receivable: $1,251,132.06.  Prior Years Taxes Collected $8,616.50; 2007 Taxes Collected $1,207,215.49.  Taxes Receivable at 06/30/2008: $35,300.08. 2007 Receivables: Debt Service $14,567.21; Maintenance $10,488.39.  Month of 6/2008: Beginning Cash Balance $29,153.73; Total Receipts $7,912.80, Total Disbursements $7,781.08, Cash Balance at 06/30/2008 $29,285.45.  Total Disbursements for the month of July 2008: $10,490.56, Remaining Cash Balance $18,794.89.  The District is 99.999% collected for 1999, 100.00% collected for 2000, 99.978% collected for 2001 taxes, 99.940% for 2002 taxes, 99.976% for 2003 taxes, 99.945% for 2004, 99.802% for 2005, 99.573% for 2006 and 97.967% for 2007.  Brenda informed the Board the tax attorney is sending out delinquent letters with 20% late fee.  A request was received for installment plan with payments of $50.00 every two weeks.  After discussion the Board approved the payment plan with the stipulation that if one payment is late it will go to the attorney's and that 2008 taxes will be due by January 31, 2009.  The vote was three FOR (Tony Garza, Chip Norris and Gary Hughes) and one AGAINST (John Irwin).</div> <bR> <div>  </div> <div> After discussion and upon motion duly made, seconded and unanimously carried, the Board approved the Tax Assessor/Collector's Report and payments of the tax bills presented. </div> <div>      </div> <bR> <div> <B><U>FINANCIAL ADVISOR</U></B></div> <bR> <div>      N/A</div> <bR> <div> <B><U>OPERATOR'S REPORT</U></B></div> <bR> <div>           Dusty Lane of SouthWest Water Company, the District's Operator, reported on the Districts operations and facilities, and presented the June 2008 Operations Report.  Total Connections were 1500.  Meter Installations and Inspections for May 14 - June 13:  New Taps Installed - 0; Sewer Inspections Completed - 1; Builder Inspections completed - 0; Customer Service Inspections completed - 0; Net Rental Meter Change - 0.  The required 7 samples were taken during June 2008.  TCEQ Chemical Analysis: Metals 12/4/06; Radio-Chemicals 08/11/05; Volatile Organic Chemicals 8/11/05; and Minerals 5/18/06.  Water Production: Pumped 32,992,000 at Water Plant #1, Total Supplied - 32,992,000, Daily Average - 1,099,733.  Subsidence Information: Estimated Number of Months Available - 3.75, Permit Months Remaining - 3, Percent of Permitted Production - 81.92.  Water Accountability is at 98.5 for 05/9/08 - 06/09/08 and 94.8 for the Four Month Average.  Total Operations Charges $19,318.68.  Actual work related costs - $11,045.00 for repairs.  Total Current Billing $80,295.84.  Total Aged Receivables $12,689.74.  Total Accounts Receivables $92,985.58.  Inspections Completed: Water Plant #1 06/30/08; Fire Hydrants 02/07/08.  Total Deposits for June 2008 $67,212.17.  Disconnects/Reconnects Income was $125.00. Dusty reported on repairs made and presented the Board with a copy of the Cornerstones M.U.D. Delinquent List.  Everyone has been duly notified of situation and it is being addressed.  A notice from Reliant Energy was received stating they could not get access to a meter.  Received two customer letters.  The first request received was a letter from a customer stating they had received a letter from the trash company stating their trash can was too large.  The customer was informed the MUD District does not control the trash service and they would need to contact their Waste Company.  The second request was for an adjustment to their $688.00 bill stating they had a leak.  After discussion, the Board voted to remove the sewer charge portion from the bill.  The vote was three FOR (Tony Garza, Chip Norris and Gary Hughes) and one AGAINST (John Irwin).</div> <bR> <div> Upon motion duly made, seconded and unanimously carried, the Board approved the Operator's report.</div> <bR> <div> <B><U>ENGINEER'S REPORT</U></B></div> <bR> <div> Marvin Zahradnik of Landev Engineers, Inc., the District's Engineer, presented the engineers report.  He reported that the Car Spa is completed.  He reviewed a request from Harris County for a Temporary Right of Way and construction easement for HCFCD Unit T103-01-00, Key Map 485-M to perform maintenance.  A response letter will be sent to Harris County stating the Board would prefer they enter from Highland Knolls and cross the Greenbelt instead of Cornerstone Place and request they shorten the timeframe from one year to six months with the stipulation they are responsible for repairs of any damage to the irrigation system, and return the site to the original condition. </div> <bR> <div> Upon motion duly made, seconded and unanimously carried, the Board approved the Engineers report.  </div> <bR> <div> <B><U>BOOKKEEPER'S REPORT</U></B></div> <bR> <div> Terry Holland of Myrtle Cruz, Inc., the District's Bookkeeper, presented the monthly report.  Time Deposit Investments: $95,000.00.  Demand Deposit Investments: Texpool - 1,925,643.24, Texas State Bank - $53,131.78; Debt Service Funds available July 21, 2008 - $2,073,775.02; Total Debt Service Requirements for 2008: $1,413,182.50; General Operating: Previous Cash Balance June 16, 2008 - $4,377.46; Total Deposits $68,031.62; Beginning Cash Balance July 21, 2008 - $71,376.64; General Operating Funds available July 21, 2008 - $2,388,876.90.  Terry included copies of the Debt Service Calculations for Yield Restriction Report, Cornerstones Energy Report, the Cinco Regional WWTP Improvements Report, Budget for Fiscal Year Ending September 30, 2008, the Investment Report and the TexPool Performance sheet.  The proposed budget for next year will be in a month earlier if anyone has anything they want to input.  Mr. Holland also discussed transfers in prior years to Debt Service.</div> <bR> <div> After discussion, upon motion duly made, seconded and unanimously carried, the Board approved the Bookkeepers report and payment of said bills and ordered checks issued on the appropriate District accounts in payment thereof.</div> <bR> <div> <B><U>CONDUCT HEARING ON TERMINATION OF WATER AND SEWER SERVICE</U></B></div> <bR> <div> The Board conducted a hearing on the termination of utility service.  The Operator presented a list of delinquent utility accounts that were delinquent by more than 60 days and reported that the customers have been given written notice 10 days prior to this meeting and the opportunity to appear before the Board of Directors to explain, contest or correct the utility service bill and to show reason why the utility service should not be terminated for nonpayment.  None of the customers on the list were present or have presented any statement on the matter.  </div> <bR> <div> After discussion, upon motion duly made, seconded and unanimously carried, the Board authorized the Operator to terminate utility service to the unpaid accounts in accordance with standard procedures.</div> <bR> <div> <B><U>CINCO REGIONAL OPERATING COMMITTEE REPORT</U></B></div> <bR> <div>  </div> <div> Tony Garza reported nothing new going on at the Cinco plant.</div> <bR> <div>      </div> <div> <B><U>AUTHORIZE ANY NECESSARY ACTIONS WITH RESPECT TO GREENBELT TRACTS</U></B></div> <bR> <div>      There were some water leaks that have been repaired and we will be receiving a bill from Junction.  They checked all the sprinkler heads as well.</div> <bR> <div>  </div> <div> <B><U>PENDING BUSINESS</U></B></div> <bR> <div>      In September it will be time to hire and auditor.  Mark will email Darryl Box to see if he would like any proposals to be requested.</div> <bR> <div>      After concluding and there being no further business to come before the Board, the meeting was adjourned at 8:00 p.m.</div> <bR> <bR> <div>                                                                                                                          _______________________________</div> <div>                                                                                                                          Secretary</div> <bR> <div> Attachments:     Bookkeeper's Report</div> <bR> <bR> </td> </tr></table></body>