TOWN OF COCHITI LAKE
MINUTES OF ASSEMBLY MEETING
TUESDAY, JULY 24, 2007

FIRE HALL

I.          CALL TO ORDER

          Mayor Da Silva called the meeting to order at 6:15 p.m. Assembly members in attendance were           Anthony Da Silva, Jan Lackey, Ken Kiesling, Mary Ann Closson. Frank Hart was absent from           the meeting.

           Approval of Agenda

          Mary Ann Closson moved to approve the Agenda as presented. Anthony Da Silva seconded           the motion. The motion passed unanimously.

          Approval of Minutes 06-27-07

          Mary Ann Closson moved to approve the minutes of 06-27-07 Ken Kiesling seconded the           motion. The motion passed  unanimously.

II.      OLD BUSINESS

          There was not any old business to report.

III.    NEW BUSINESS

          1. Approval of June Financials:

Mary Wheeler states the end of year budget and June financials are all under budget in all classes in expenses.We have not spent more than we have budgeted. General Fund has a budget surplus of $5,500. This includes much reduced property tax income. Raymond James Fund pulled in more interest than expected. Gratitude was expressed to Mary Wheeler for all the work she has done.

Ken Kiesling made a motion to approve the June financials as presented. Mary Ann Closson seconded the motion. The motion passed unanimously.

2. Resolution 2007-14, rate of taxation for fiscal  year 2007-2008: Mayor Da Silva explains tax ordinance. The rate of approximately 15 cents will remain the same as the previous three years. Mayor Da Silva moved to approve Resolution 2007-14 Ken Kiesling seconded the motion. The motion passed  unanimously.

IV:          AUDIENCE COMMENTS

V:          ADJOURNMENT

Mary Ann Closson moved to adjourn the meeting. Jan Lackey seconded the motion. The motion passed unanimously. The meeting adjourned at 6:45 p.m.

_______________________        ________________________
Anthony Da Silva, Mayor                           Annette Narvaiz, Town Clerk