NOTICE OF REGULAR JOINT MEETING

OF THE BOARD OF DIRECTORS OF THE TOWN OF CAREFREE UTILITIES COMMUNITY FACILITIES DISTRICT AND THE BOARD OF DIRECTORS OF THE CAREFREE WATER COMPANY, INC.

WHEN: TUESDAY, FEBRUARY 7, 2012

WHERE: CAREFREE TOWN HALL COUNCIL CHAMBERS

TIME: 4:00 P.M.

Pursuant to A.R.S. Section 10-822, notice is hereby given of the time, place and purposes of a meeting of the Board of Directors of Town of Carefree Utilities Community Facilities District and the Board of Directors of the Carefree Water Company, Inc., an Arizona corporation, to be held on Tuesday, February 7, 2012 at 4:00 p.m. at the Carefree Town Hall Council Chambers at 100 Easy Street, in Carefree.

The Agenda for the meeting is as follows:

Call to Order, Silent Roll Call

AGENDA

ITEM #1- Discussion and possible action regarding Minutes of November 1, 2011

ITEM #2- Discussion and possible action regarding December, 2011financial report.

ITEM #3- Operations Report

1. A.Summary of 2011 water use, water supply and unaccounted water.
   

ITEM #4- Discussion and possible action regarding Emergency/Drought Plan.

ITEM #5- Discussion and possible action regarding elimination of Resolution Committee.

ITEM #6- Discussion and possible action regarding enforcement of installation of water turn off valve within 18 inches of meters.

ITEM #7- Discussion and possible action regarding Capital Improvement and Replacement

Program.

ITEM #8- Customer Issues

ITEM #9- Call to the Public: Consideration and discussion of comments and complaints from the public. Pursuant to Section 2-4-7 G of the Town Code and ARS 38-431.01(H),

those wishing to address the Board need not request permission in advance. Action

taken as a result of public comment will be limited to directing staff to study the

2/7/12 UCFD/CWC Reg. Mtg. 2 of 2 matter or rescheduling the matter for further consideration and decision at a later date. The public may address the Board on any matter not on the agenda. At the conclusion of an open call to the public, individual members of the public body may respond to criticism made by those who have addressed the public body, may ask staff to review a matter or may ask that a matter be put on a future agenda; however, the Board may not take action at this time. Please limit your comments to not more than 3 minutes.

ITEM #10- Discussion and possible action regarding retirement of Stan Francom as Manager of the Carefree Water Company.

ITEM #11- Announcements

ITEM #12- Adjournment.

DATED this 2nd day of February, 2012.

UCFD/CWC

Elizabeth L. Wise, Clerk

Items may be taken out of order.

FOR SPECIAL ACCOMMODATIONS

Please contact the Clerk, 8 Sundial Circle (PO Box 740), Carefree, AZ 85377; (480)

488-3686, at least three working days prior to the meeting if you require special

accommodations due to a disability.