BRAZOS MUTUAL DOMESTIC WATER CONSUMERS ASSOCIATION, INC.

May 1, 2011 Meeting Minutes

Meeting was brought to order at 8:07.30 a.m. at Tom Petersen’s cabin, Brazos

Directors Present: Tom Petersen

Rubel Martinez

Mike Valdez

Charlie Lawrence

Rex Sewell

Deej Banister

Minutes of November 14, 2010 meetings were read. Charlie Lawrence made a motion to accept the minutes as read. Mike Valdez seconded the motion. The motion unanimously carried.

Treasurer’s Report:

Rubel Martinez presented the Treasurer’s report.

Bills are current.

The transferring of our banking accounts, Smith Barney (SB) and Community Bank (CB), to Fidelity Bank has taken several months. They are now set in place. The balances in Fidelity as of 4/30/11 are:

Money Market (checking) $42,000.00

Corporate Account, JASBX Bond $20,000.00

The corporate account has no withdrawal penalty after the first ninety (90) days. We have gained approximately $100.00 a month on our JASBX Bond account since the transfer.

The balance CB checking account as of 3/31/11 was $27,925.50. We are currently waiting for checks from Fidelity and a soon as they are received the balance in CB will be leveled to $10,000.00. It will remain open as a utility account to manage our sure pay for NORA, local business and water fee deposits.

Loan #1 will be paid off in 2012, which will release approximately $15,000.00 from our long-term liabilities.

Memberships/Transfers:

As of this date, there are no new memberships/transfers.

Delinquencies:

Discussion was held regarding the court summons that the BMDWCA received from the PNC Mortgage Company foreclosure on Lucy Moya’s property and our property lien on said property. Charlie Lawrence made a motion that Tom Petersen writes a letter explaining the BOD reasons for filing a lien against the Lucy Moya property. This Letter with an attached delinquencies invoice is to be sent to the PNC Mortgage lawyers and the Rio Arriba County Judicial Court. Letters will be sent by certified mail with return a receipt requested. Rex Sewell seconded the motion. The motion unanimously carried.

The removal of Lucy Moya’s membership was discussed. After a lengthy discussion, Deej Banister made a motion that Tom Petersen writes a letter removing Lucy Moya’s water membership based on the R/Rs and Bylaws of the BMDWCA. The letter is to be sent certified mail with a return receipt requested. Also, a copy of this letter should be sent to the PNC Mortgage Co. by certified mail with a return receipt requested. Charlie Lawrence seconded the motion. The motion unanimously carried.

Deej Banister is to obtain invoices for Sainz, Baker, and Robinson for membership removal discussion at next meeting.

Annual Letter:

Tom Petersen thanked the Board for their help in the preparation of the Annual Newsletter.

Annual Report:

Tom Petersen will email Annual Report to Board for tweaking.

Construction/Maintenance Issues:

Costs and replacement of infrastructure was deferred to Ron Stafford and Rubel Martinez for our next meeting. Rubel Martinez is to obtain a detailed report of expenses incurred for repairs, etc. in 2010-2011.

Fire Hydrants:

Ron Stafford and Mike Valdez are to report on fire hydrant installation at DR 1759 across from Cliffview Restaurant and Spruce at the next meeting.

Cleaning Tanks:

Report on the cleaning of tanks has been deferred to Ron Stafford until the next meeting. Ron is to contact Levi Sandoval for details tank conditions, findings, and completion.

Other:

A continued concern for the Pond regarding life-safety conditions and separate electrical breaker was discussed. Tom Petersen is to write a follow-up letter to Roger Shinnick, UBPOA, requesting an update on pond issues.

Charlie Lawrence is to obtain refreshments and door prizes for Annual Meeting.

Rex Sewell made a motion to adjourn. Mike Valdez seconded. The meeting adjourned at 10:19 a.m.

Respectfully submitted,

Deej Banister

Secretary