FIRE MOUNTAIN CANAL & RESERVOIR COMPANY

PO Box 414

Paonia, CO81428

970-527-3662

Fax 970-527-3023

 

January 15, 2009

 

The monthly meeting of the board of directors of the Fire Mountain Canal and Reservoir Company was called to order by President Houseweart at 10:50 pm.Directors present were Dixie Luke, John Stroh, Dave Stiller, and Wes Spore.Also present were Merritt Denison, Trey Denison, and several members of the RMWDA.

 

The minutes are approved as read.

 

John S. motions that Dan Bolton be a non-voting member of the board, Wes S. seconds and the motion carries.

 

John S. motions the treasurerís report be accepted, Dave S. seconds and the motion carries.

 

Dixie L. motions the bills be paid, Dave S. seconds and the motion carries.

 

Wes S. motions the stock transfers be approved, John S. seconds and the motion carries.

 

New Business:

The RMWDA would like Fire Mtn Canal to pay for the installation of a trash rack at the Leroux Creek takeout.The cost should be approximately $1,300 dollars.After discussion and a review of the plans, Dixie L. motions to accept the Leroux Creek trash rack proposal, John S. seconds and the motion carries.

 

Officers:

Bill H. offers to stay as President or swap places with someone else; Dixie L. offers to be President if Bill would like.Dave S. motions for Dixie L. to be President, Wes S. seconds and the motion carries.Dixie L. motions Bill H. be Vice President, Wes S. seconds and the motion carries.

 

Discussion on Bylaws:

Discussion on proposed changes to bylaws including a minimum number of shares to be transferred section, a limitation of director liability section, and an informed consent section.Discussion on involving Aaron Clay on proposed changes.

 

Discussion on bylaw requirement that the secretary/treasurerís report be reviewed by someone outside of the company.

 

Old Business:

Dixie L. and Wes S. had another discussion with the NFS regarding campground improvements at Lost Lake Slough; no campsites below the dam, moving day use area to the west of the lake.NFS will work on memorandum of understanding and report back the FMC board.

Meeting adjourned at 11:30 pm.

 

 

 

Randall W. Fisher, Secretary