FIRE MOUNTAIN CANAL & RESERVOIR COMPANY

% North Fork Accounting

PO Box 414

Paonia, CO 81428

970-527-3662

Fax 970-527-3023

January 11, 2007

The monthly meeting of the board of directors of the Fire Mountain Canal and Reservoir Company was called to order by President Houseweart at 9:00 pm. Directors present were Arvin Stahl, John Stroh and Dixie Luke. Also present were Merritt Denison and Paul Schmucker.

The minutes were approved as read.

John Stroh motions the treasurer’s report be accepted, Dixie Luke seconds and motion carries.

Arvin Stahl motions the bills be paid, Dixie Luke seconds and the motion carries.

Transfers are okay.

Superintendent’s Report given at annual meeting.

Arvin Stahl resigns, served on the board since 1981.

Dixie Luke motions to appoint Wes Spore as a director, Dave Stiller as a director, and John Burgevin as an ex-officio member, John Stroh seconds and the motion carries.

Bill Houseweart discussion on director/ex-officio per meeting stipend.

Following discussion, Arvin Stahl motions to set meeting stipend at $40 per meeting for directors and ex-officio members and $60 per meeting for the president, Dixie Luke seconds.

Dixie Luke general discussion on Gunnison River Basin roundtable happenings.

Meeting adjourned at 9:45 pm.

Randall W. Fisher, Secretary