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L A <br />EXHIBIT 1 <br />Excerpt from <br />Governance Committee Ne otiating Team Meeting Minutes <br />October 29-30, 2003 <br />La Quinta Inn, DIA, Denver <br />budget based on FC input on October 29. The budget now reflects the time period <br />January l, 2004 to June 30, 2005. <br />Brain Barels moved to extend the Cooperative Agreement until December 31, 2003; as is <br />allowed in the 2000 Extension Document. Roger Patterson seconded the motion. The <br />GC approved the extension to December 31, 2003 unanimously. <br />Mike Besson moved to approve extending the Cooperative Agreement to June 30,2005, <br />with a provisional six-month GC discretionary extension. Don Ament seconded the <br />motion. The motion extending the Cooperative Agreement was approved unanimously. <br />Finance Committee Report <br />Mike Besson, FC Chair, provided the report. Mike reported that the FC approved and <br />recommends GC approval of $58,650 for the Executive Director's budget in November <br />and December 2003. GC approved the Executive Director's budget. <br />Dale Strickland briefly summarized the FC discussion of the CA extension budget. The <br />various CA committees identified financial needs in excess of the current funding <br />available for the CA extension period. While the FC did not agree with all the <br />expenditures recommended by the committees, the FC did establish a priority of budget <br />needs and identified a shortfall given those priorities. The States and DOI agreed to <br />partially meet the shortfall by contributing an additional $237,420 for the CA. The <br />contributions will be made from each party based on the existing cash allocation <br />formula. Of the $690,266 budget for the remainder of the CA, including expenditures <br />remaining in the July 1- December 31, 2003 period, $285,266 was placed in a <br />contingency category. Contingency funds are for possible costs if the 6 month extension <br />is required plus new project expenditures recommended and approved between now and <br />the end of the CA. <br />Mike reported that the FC approved and recommends GC approval of the Extension <br />Budget. The GC approved the Extension Budget. <br />Outreach Needs <br />There was discussion regarding the need to prepare a press release announcing the <br />Extension to June 2005 once the Governors and Secretary of the Interior sign letters of <br />support. Lynn Holt, BOR, and the Executive Director's office will prepare a statement <br />for GC review.