November 27, 2007

          Executive board meeting reconvened to general open meeting at 3:50 p.m. by Chairman Mr. Schloss.   Present were Directors Mr. Schloss, Mr. Bettag and Mr. Meyer, and Chief Svetanics. 

               The purpose of this meeting was discussion of placement of pumper funds.

          Discussion of best investment for the $200,000 Capital Funds CD which matured on November 23, 2007, until needed for the down payment for the new pumper.  Choices were to purchase another CD for five months from Midwest BankCentre or to pre-pay Smeal and earn interest and get a $5,000 discount.  Motion by Mr. Bettag to invest the $200,000 with Smeal at the annual rate of 6.25% interest and also be eligible for the pre-pay discount, 2^nd by Mr. Meyer, roll call vote Mr. Schloss aye, Mr. Bettag aye, Mr. Meyer aye.

          Mr. Schloss reported that a meeting for setting the 2008 budget will be held on Wednesday, December 5, 2007, after the general meeting.  The District Accountant, Joe Schnieders, will be in attendance.

          Motion by Mr. Bettag to adjourn general meeting at 4:10 p.m., 2^nd by Mr. Meyer, roll call vote Mr. Schloss aye, Mr. Bettag aye, and Mr. Meyer aye.

                                                            Respectfully submitted,

                                                            John C. Bettag, Secretary

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