BOARD OF MADISON COUNTY COMMISSIONERS
December 27, 2007 MINUTES
On Thursday, December 27, 2007, a meeting of the Board of Madison County Commissioners came to order at
9:50 a.m. with Commissioners Marilyn Ross, David Schulz, and Jim Hart present.
Marilyn Ross moved to approve the December 18, 2007, minutes as corrected. Jim Hart seconded the motion.
All voted aye and the motion carried.
Those people in attendance at the meeting were Charity Fechter, Andrea Sarchet, Mike DuCuennois, Steve
DiGiovanna, Pete Brekhus, Sam Korsmoe, and Peggy Kaatz.
Expired Letters of Credit: Charity Fechter, Planning Director, met with the Board to discuss Letters of Credit
that have been allowed to expire but have not been formally released. Charity presented the Board with a list
showing the status of these Letters of Credit. The Board will review the list and research improvements that have
been completed to make determinations of which Letters of Credit are eligible for release.
Spanish Peaks SIA and LOC: Charity Fechter, Planning Director, met with the Board to discuss replacing the
current Subdivision Improvements Agreement and Letter of Credit for Spanish Peaks Resort. In concurrence with
the Planning Director, Jim Hart moved to replace the Subdivision Improvements Agreement, for improvements at
Spanish Peaks Resort Phase 2/2A and Phase II, Elkridge and Skitip Roads, Spanish Peaks Resort in Big Sky,
Montana, filed as Document #118580, which replaced Subdivision Improvements Agreement filed as Document
#104073. Marilyn Ross seconded the motion. All voted aye and the motion carried. Jim Hart moved to replace
all existing Letters of Credit and Site Improvement Bonds, for Spanish Peaks Resort Phase 2/2A and Phase II,
Elkridge and Skitip Roads, Spanish Peaks Resort in Big Sky, Montana, filed as Documents #104073, #111584,
#118138, and #118580, with a cash deposit of $17,250 to be held until acceptance by Madison County that
improvements are completed. Marilyn Ross seconded the motion. All v