February 7, 2008

            Executive meeting reconvened to general session at 4:45 p.m. by Chairman Jerry Schloss.  Present were Directors Mr. Schloss, Mr. Bettag and Mr. Meyer, and Chief Svetanics.  There were no Citizens of the District present. 

            Purpose of meeting was to decide whether to invest funds with Smeal Co. and to renew the Midwest Banking Agreement.

            Motion by Mr. Bettag to place $106,231.00 of General Funds to earn 5% interest with Smeal Fire Apparatus Company up to the completion of the new pumper, as opposed to 3.9% interest earned at Midwest BankCentre, 2^nd by Mr. Meyer, roll call vote Mr. Schloss aye, Mr. Bettag aye, Mr. Meyer aye. 

            Motion by Mr. Meyer to put District Banking Agreement out for bid, 2^nd by Mr. Bettag, roll call vote Mr. Schloss aye, Mr. Bettag aye, Mr. Meyer aye. 

            Motion by Mr. Meyer to adjourn general session at 4:55 p.m., 2^nd by Mr. Bettag, roll call vote Mr. Schloss aye, Mr. Bettag aye, Mr. Meyer aye. 

                                                                                    Respectfully submitted,

                                                                                    John C. Bettag, Secretary

JCB/pgv