501 ASTI ROAD, CLOVERDALE, SONOMA COUNTY, CALIFORNIA, USA

A. CALL TO ORDER

Chair Ripple called the meeting to order at 3:09 p.m.

B. ROLL CALL

Directors present: Chair David Ripple, Jake Mackenzie, Allan Hemphill, Max Schlienger, and, by phone, Robert Simonson.

Staff present: Executive Director Max H. Bridges, Accountant Wade Fulton, and, by phone, General Counsel Christopher J. Neary, and Administrative Assistant Pamela Fishtrom.

Also present: Dana Fuller

C. AGENDA APPROVAL

Mr. Neary requested the addition of an Item under Conference with Legal Counsel � Existing Litigation � Benson vs. Railways, Inc.

Chair Ripple called for a vote to approve the Agenda with the requested change; all Directors responded affirmatively; motion carried.

D. PUBLIC COMMENTS

None.

E. CLOSED SESSION � Convened at 3:15 pm

�� Conference with Legal Counsel � Existing Litigation

Government Code � 54956.9

�� Mass Electric vs. Rail-Ways, Inc.

�� Conference with Legal Counsel � Anticipated Litigation

�� Government Code � 54956.9

�� Initiation of Litigation

�� Conference with Legal Counsel � Existing Litigation

�� Government Code � 54956.9

�� Benson vs. Rail-Ways, Inc.

Open Session reconvened at 4:10 pm.�

�� Chair Ripple announced:

� Rail-Ways, Inc. filed for bankruptcy on April 17, 2001,

� Information was received from and direction given to Legal Counsel, and

� The Board authorized the filing of an interpleader action in the case of Benson vs. Rail-Ways, Inc.

G. ADJOURNMENT

Chair Ripple adjourned the meeting at 4:20 p.m.