MINUTES
of the
MEETING OF THE COMMISSIONERS
of the
BUFFALO RAPIDS BOARD OF DISTRICT II
Terry, Montana
August 19, 2009
The Special Meeting of the members of the Buffalo Rapids Project Board District II Commissioners, at Terry, Prairie County, Montana, was held on the nineteenth day of August, 2009, at 8:00 a.m.
There were present and participating at the meeting:
Barry Rakes
Jim Finneman
Scott Sackman
Also present and participating were David Schwarz, Secretary, Pat Davis, Assistant Secretary.
District II President Barry Rakes called the meeting to order, stating that all necessary and advisable business be conducted during this time.
Thereupon, District II President Barry Rakes announced that a quorum was present so that the meeting was legally and lawfully ready to transact business.
The special meeting of the District II Commissioners of the Board of Buffalo Rapids project was held to discuss the issue of the setting of assessment for District II.
The members of the District II commissioners discussed the possibility of raising assessment $2.00 per acre for the next year. It was also discussed that District II is doing well as a district at this time, but may need to raise assessment even more to help pay for any unforeseen expenditures to the project as a whole. There were concerns among the members of District II as to how it would affect them if District I did not raise their assessment accordingly. In view of the letter of default that Stockman Bank issued to District I there was discussion among board members whether District II would have to help District I out financially. Jim Finneman stated that he felt a $1.50 per acre increase in assessment would be acceptable for the producers in his Division.
Assessments for the 2010 operating year, were set as follows. On a motion made by Jim Finneman and seconded by Scott Sackman it was
RESOLVED, That the District II Assessments for the 2010 operating year be set as follows:
O&M $28.25
Equip Reserve $ 0.00
System Rehab $ 1.75
Repayment A $ 1.00
Repayment B $ 0.00
Total $31.00
All in favor, motion carried.
Next meeting will be held on September 09, 2009, at 7:00p.m.
There being no further business to be considered, and no objection, the said meeting of the District II Commissioners of the Buffalo Rapids Project adjourned.
ATTESTED:
________________________________ ____________________________________
David J. Schwarz, Secretary Barry Rakes, District II President
of the
MEETING OF THE COMMISSIONERS
of the
BUFFALO RAPIDS BOARD OF DISTRICT II
Terry, Montana
August 19, 2009
The Special Meeting of the members of the Buffalo Rapids Project Board District II Commissioners, at Terry, Prairie County, Montana, was held on the nineteenth day of August, 2009, at 8:00 a.m.
There were present and participating at the meeting:
Barry Rakes
Jim Finneman
Scott Sackman
Also present and participating were David Schwarz, Secretary, Pat Davis, Assistant Secretary.
District II President Barry Rakes called the meeting to order, stating that all necessary and advisable business be conducted during this time.
Thereupon, District II President Barry Rakes announced that a quorum was present so that the meeting was legally and lawfully ready to transact business.
The special meeting of the District II Commissioners of the Board of Buffalo Rapids project was held to discuss the issue of the setting of assessment for District II.
The members of the District II commissioners discussed the possibility of raising assessment $2.00 per acre for the next year. It was also discussed that District II is doing well as a district at this time, but may need to raise assessment even more to help pay for any unforeseen expenditures to the project as a whole. There were concerns among the members of District II as to how it would affect them if District I did not raise their assessment accordingly. In view of the letter of default that Stockman Bank issued to District I there was discussion among board members whether District II would have to help District I out financially. Jim Finneman stated that he felt a $1.50 per acre increase in assessment would be acceptable for the producers in his Division.
Assessments for the 2010 operating year, were set as follows. On a motion made by Jim Finneman and seconded by Scott Sackman it was
RESOLVED, That the District II Assessments for the 2010 operating year be set as follows:
O&M $28.25
Equip Reserve $ 0.00
System Rehab $ 1.75
Repayment A $ 1.00
Repayment B $ 0.00
Total $31.00
All in favor, motion carried.
Next meeting will be held on September 09, 2009, at 7:00p.m.
There being no further business to be considered, and no objection, the said meeting of the District II Commissioners of the Buffalo Rapids Project adjourned.
ATTESTED:
________________________________ ____________________________________
David J. Schwarz, Secretary Barry Rakes, District II President
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