October 8, 2003

The following actions were taken at the special Board Meeting on October 7, 2003.

Approve Sale and Adopt Bond
The Board accepted the proposal of UBS Financial Services, Inc. at an effective interest rate of 3.151035% (True Interest Cost method) for the $29,295,000 Senior Parity Water Revenue Refunding Bonds, Series 2003.  The Board also adopted a resolution authorizing issuance of these bonds.

Approve Change Order
The Board approved a change order for Project 274 – Missouri River Intake Low River Pumping Improvements.