OFFICE OF PROPERTY MANAGER CYNDEE LOGAN

3631 CHINQUAPIN DRIVE, WILLITS, MENDOCINO COUNTY, CALIFORNIA, USA

AND BY TELECONFERENCE FROM THE

EUREKA DEPOT

4 WEST SECOND STREET, EUREKA, HUMBOLDT COUNTY, CA, USA

A. CALL TO ORDER – at 10:10 am.

B. ROLL CALL

Committee Members present: Bob Simonson, Budge Campbell, and by phone, Leo Sears.

Also present: Executive Director Max H Bridges, Property Manager Cyndee Logan, and by phone, Administrator Pamela Fishtrom.

C. AGENDA APPROVAL

The Agenda was approved with the addition of two Conduct of Business items: one regarding a proposed encroachment for Humboldt Bay Municipal Water District to install fiber optic line on the Annie and Mary Railroad right of way, and two, a status report on Pacific Bell’s overdue lease payments.

D. MINUTES

Approve Property Management Committee Meeting Minutes of April 3, 2002

Under Item F.5 NCRA Lease Form needs the word “should” in place of the word “could.”

Dir. Sears moved to approve the Minutes as corrected; seconded by Dir. Campbell. Vote taken; motion passed unanimously.

E. PUBLIC COMMENTS

None.

F. CONDUCT OF BUSINESS

1. Approve NCRA Standard Lease Contract

The Committee made adjustments and recommendations regarding the contract and directed Ms. Logan to implement those changes, review the remainder of the document for modifications, and return the document to the Committee for consideration after both she and Legal Counsel signed recommending approval.

2. Approve Property Management Contract

After extended discussion regarding a proposed contract, the Committee decided to recommend to the full Board an interim extension of the now-expired contract to June 30, 2002 with the understanding the Committee and Ms. Logan will work toward a revised contract for action at the July Regular Board Meeting.

3. Trackage Rights in Healdsburg Effluent Line Construction

Ms. Logan reported an immediate need for action at the May 15 Regular Board Meeting and requested placement of this issue on the Agenda because the contract wants to deliver pipe to the construction site via rail.

4. Humboldt Bay Municipal Water District Request to Bury Fiber Optic Line on the Annie and Mary Railroad Right of Way

Ms. Logan reported this item is also urgent and will request it be placed on May’s Agenda.

5. Status Report Regarding Pacific Bell Overdue Lease Payments

A Pacific Bell representative called to indicate payment will be processed for overdue lease payments of $63,159. Ms. Logan will issue a follow up letter to memorialize the conversation held.

G. ADJOURNMENT

The meeting was adjourned at 2:30 p.m.