A meeting of the Board of the Metropolitan Sewerage District was held in the Boardroom of MSD's Administration Building at 10:24 a.m., Wednesday, March 10, 1999. Chairman Selby presided with the following members present: Aceto, Blackburn, Graham, Kelly, Pace, Sobol, Spell and Venable. Those members absent were: Bryson and Field.

Others present were: W. H. Mull, General Manager, William Clarke, District Attorney, Jim Fatland, Tom Hartye and Sondra Honeycutt.

Mr. Selby presented a copy of the resolutions attached hereto. Mr. Clarke explained that the Resolution to direct application to the Local Government Commission includes the findings that the District Board needs to make under the existing Bond Order to incur additional indebtedness. He further explained that the Resolution for the Cash Defeasance of outstanding bonds authorizes the General Manager, or his designee, to select the bonds to be defeased in order to maximize savings to the District. With no discussion, Mr. Kelly moved that the Board adopt the recommendation of the Finance Committee and approve the Resolutions as presented. Ms. Graham seconded the motion. Roll call vote was as follows: 9 Ayes; 0 Nays.