NORTH COAST RAILROAD AUTHORITY

PROPERTY COMMITTEE MEETING

MINUTES

Wednesday, April 21, 2004 1:00 PM

Ukiah City Council Chambers

300 Seminary Avenue, Ukiah, Mendocino County, California

A. CALL TO ORDER

Chair Simonson called the meeting to order at 1:12 p.m.

B. ROLL CALL

Directors Present: Chair Robert Simonson, Director David Ripple and Director Leo Sears.

Also Present: Executive Director Mitch Stogner, General Counsel Chris Neary, Property Manager Dina Polkinghorne, and Recording Secretary Heather Newell.

C. AGENDA APPROVAL

ACTION: Upon motion by Director Sears, 2nd by Chair Simonson, and carried (3-0) the Agenda was approved as presented.

D. PUBLIC COMMENT

No public comment

E. CONDUCT OF BUSINESS

1) Consideration of Property Acquisition Proposal - Blue Lakes Forest Products

ACTION: Upon motion by Director Sears, 2nd by Chair Simonson and carried (3-0), the committee directed staff to begin lease negotiations with Blue Lakes Forest Products.

2) Consideration of Boundary Line Adjustment - Jay Gayner

ACTION: Upon motion by Director Ripple, 2nd Chair Simonson carried (3-0), the committee directed staff to enter into lease negotiations with Mr. Gayner.

3) Consideration of Reassignment of NCRA’s BLM lease on Cahto Peak to Johannesen and Johannesen’s offer to buy out NCRA’s lease on Pratt Mountain.

ACTION: Upon motion by Director Sears, 2nd by Chair Simonson, carried (3-0), the committee directed staff to research the value of communication leases on similar peaks, and while maintaining NCRA’s interest for future use, prepare a counter offer for presentation to the full board for approval.

4) Lease Proposal – Quaker Hill Development

Craig Harrington and Steve Butler

ACTION: Upon motion by Director Sears, 2nd by Chair Simonson carried (3-0), the committee directed staff to enter into lease negotiations with Quaker Hill while ensuring that special provisions necessary to protect NCRA interests are in place.

F. MATTERS FROM COMMITTEE MEMBERS

None

G. ANNOUNCEMENT OF NEXT MEETING

Regular Board Meeting - May 19, 2004 - 10:00 a.m.

Fortuna City Council Chambers,

Fortuna, Humboldt County, California

H. ADJOURNMENT

The meeting adjourned 1:50 pm