C150168 Contract

• Contract/PO #: C150168
• Contractor Name: Fulton Irrigation Ditch Company
• Contract Type: Loan
• Water District: 1
• County: Adams
• Bill Number: SPL
• Loan Projects - Doc Type: Contract Documents

RECORE:) OF PROCEEDINGS

MINUTES OF THE REGULAR MEETING OF
THE BOARD OF DIRECTORS OF
THE FULTON IRRIGATION DITCH COMPANY
HELD FRIDAY, APRIL 9, 2004

The regular meeting of the Fulton Irrigation Ditch Company was held Friday,
April 9, 2004 at the hour of9:00 a,m. at 25 South 4th Avenue, Brighton, Colorado,
Present were President Cecil King, Vice-President Paul Schmidt, Directors Clint
Blackhurst and Dave Petrocco, Sr. Absent was Director Steve Brancucci, Also present
were Secretary/Treasurer Brice Steele and Ditch Superintendent George McDonald,

First matter of business was approval of the Minutes of the meeting held Friday,
March 12, 2004, Director Schmidt moved approval of the Minutes as written and mailed
to all Board members seconded by Director Petrocco and passed unanimously.

Next matter of business was approval of the Financial Statement for the month of
March 2004. The beginning balance in the checking account was $139,644,05, receipts
for the month were $124,851.10 and disbursements for the month were $210,867.84
leaving an ending checkbook balance in the amount of $53,627.31. Also on deposit at
the end of the month with Valley Bank & Trust in the Money Market account was
$36,555.47 and in the Calvert tax-free account $26,087.70. Director Blackhurst moved
approval of the Financial Statement seconded by Director Schmidt and passed
unanimously.

Next matter of business was approval of the bills for the month of April 2004,
Treasurer Steele presented the following bills payable for the month in the amount of
$17,950.22:

7735 Adams County Clerk
7736 AT & T
7737 American Pride Coop
7738 BHS Marketing
7739 David Petrocco Farms Inc
7740 Farm Plan
7741 Honnen Equipment Co
7742 Kaiser Permanente
7743 Law Offices of Brice Steele PC
7744 Metro Call
7745 Pinnacol Assurance
7746 Owest
7747 Spronk Water Engineers
7748 United Power
7749 Verizon Wireless
7750 Xcel Energy
7751 Colorado Department of Revenue
7752 George McDonald
7753 Todd Hirsch
7754 Valley Bank & Trust
7755 Wells Fargo Investments

$16.42
$60.06
$486.59
$59,17
$1,447.20
$69,66
$41.12
$1,418,66
$3,472.49
$49,71
$485.00
$135.34
$3,378.00
$106.24
$155.38
$245.65
$589.00
$2,290,15
$1,866.52
$1,264.66
$313.20

Director Blackhurst moved approval of the bills seconded by Director Petracca and
passed unanimously.

The first matter of old business to come before the Board was that of the loan for
the Spillway Repair. Mr. Steele reported that he had received the finalized packet of loan

C:\Documenls and SeningsVody KBmm\My Documents\Dilches\Fulton\Minutes\2004\ApriI2004_doc