THREE AFFILIATED TRIBES

TRIBAL BUSINESS COUNCIL

SPECIAL MEETING

09-36-VJB

JULY 31, 2009, 4:30 P.M.

I.                   CALL TO ORDER:

The meeting was called to order at 4:30 P.M.

II.                PRAYER:

Teddy Star administered the prayer at the beginning of the day to cover all meetings.  An honorarium is given.

III.             ROLL CALL:

Councilman Barry Benson, Councilman Frank Whitecalfe (Conference Call), Chairman Marcus Levings, Councilman Mervin Packineau, and Councilman Scott Eagle are present.

A quorum is established.

IV.             Balloon Payment on Loan #21: Whitney Bell, CFO

Councilman Benson moved to approve to have the 4 Bears Casino make the balloon payment on loan reference #21 in the amount of $1.9 million dollars and to have Lenny Abrams, TAT Acting CFO; Damon Williams, TAT Legal; and Whitney Bell, TAT Senior Accountant work on all avenues to repay the 4 Bears Casino the $1.9 Million dollars.  The motion is second by Councilman Eagle.

Discussion:               No discussion.

VOTE:                        5 Ayes 0 Nays Motion carried.

V.                Application for Bridge Loan

Councilman Benson moved for approval for application for $8 Million dollar bridge loan with Chippewa Valley Bank, second by Councilman Eagle.

Discussion:               The increase is from $6 million to $8 Million for shortfall.  Legal opinion is sought from Michael Roy of Hobbs, Dean, Straus, and Walker regarding the use of fee lands as collateral. 

VOTE:                        5 Ayes 0 Nays Motion carried.

VI.             ADJOURNMENT:

Councilman Eagle moved to adjourn the meeting, second by Councilman Packineau.

The meeting adjourned at 4:45 P.M.

CERTIFICATION

I, the undersigned, as Secretary of the Tribal Business Council  of the Three Affiliated Tribes of the Fort Berthold Indian Reservation, hereby certify that the Tribal Business Council is composed of  seven (7) members of whom  (5) constitute a quorum _____were present at the Meeting thereof duly called, notice, convened and held on the _____day of _______________, 2009; that the foregoing Minutes were amended and duly adopted at such meeting by the affirmative vote of _____ members; _____members opposed; _____members abstained; _____Members not voting.

Chairman ( ) Voting     ( ) Not Voting

Dated this _____day of _______________, 2009.

ATTEST:

______________________________                    ______________________________

Tribal Secretary, V. Judy Brugh                                                  Tribal Chairman, Marcus D. Levings

Tribal Business Council,                                                              Tribal Business Council,                           

Three Affiliated Tribes                                                                 Three Affiliated Tribes                                                                                            

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