Draft Minutes Board of Directors Meeting 3/23/05


General board meeting called to order at 3:35 p.m. by President Mr. Stonebraker. Present were Directors Mr. Stonebraker, Mr. Schloss and Mr. Bettag, Chief Svetanics and Ms. Vincent. There were no Citizens from the District present.

The purpose of this meeting was to discuss and approve monthly expenses. Checks were reviewed and signed.

Mr. Bettag discussed the $400,000 CD due today. Mr. Bettag will speak to Frank Ziegler, President of Midwest BankCentre, about reinvesting $200,000 into another CD. Date the Board decided to cash in new CD will be July 6, 2005.

Chief Svetanics reported that Jim Ladlie of Retirement Plan Advisors, requested to meet with the Board of Directors and Executive Board regarding the Prudential tax deferred pension plan.

Motion by Mr. Stonebraker to schedule a closed meeting on Wednesday, March 30, 2005 at 8:30 a.m. to meet with Jim Ladlie regarding the Prudential Pension Plan and to review amendments to the District Rules and Regulations and the Memorandum of Understanding with Local #2677 Executive Board, 2nd by Mr. Bettag, roll call vote, all ayes.

Motion by Mr. Stonebraker to adjourn the general meeting at 4:10 p.m., 2nd by Mr. Schloss, roll call vote, all ayes.

Respectfully submitted,



Jerry G. Schloss, Secretary
JGS/pgv