East Central Vermont Telecommunications District (ECFiber)
    Governing Board
    November 12, 2019 – Minutes
    Call to Order: Meeting called to order at 7:06 p.m.
    1.Attendance
    Irv called the roll and established that a quorum of member towns was present. See attached
    attendance record for details.
    2.Introduction of Guests
    Chris Recchia (ValleyNet), Stan Williams (ValleyNet), Marty Blumberg (Treasurer), Timothy O’Dell
    (Corinth), Dick Kelley (Corinth)
    3.Changes to Agenda
    Irv said that we need to add a motion to ratify the action taken by the Secretary and Chair to post the
    warning for this hearing only a 9-day notice rather than the required 15 days.
    Motion to ratify the action taken by the Secretary and Chair to post the warning for this hearing with
    less than the required amount of notice. (M/Leavitt, S/Childs) – passed

    4.2019 Budget Hearing
    The Chair convened the Public Hearing at 7:12 p.m. There were no members of the public in attendance.
    Hearing closed immediately at 7:12 p.m.
    5.Public Comments
    None.
    6.Accept October 8, 2019 Minutes
    Motion to accept the minutes of the October 8, 2019 meeting. (M/Graham, S/Childs) – passed
    7.Financials Update (Q3, Rate Adjustments, 2019 Bond Offering)
    Stan discussed the Q3 finances that were presented in the Board Packet. We are on track to meet our
    numbers. The number of customers increased substantially during the quarter, thanks to Chris and the
    efforts of the whole team. We are planning on a December financing and expect that the final offering
    will be in early 2021. Stan also outlined the planned cost adjustments.
    8.Amendment to Resolution Authorizing Agreements.
    Move to adopt the Amendment to Resolution Authorizing Agreements. (M/Leavitt, S/White) – passed,
    unanimously
    9.Construction and Operations Update
    Chris reported that we reached 4085 customers last month, of which 67% are phone customers. We
    have also reached some significant milestones, like over 1000 miles of fiber installed and greater than
    $500,000/month revenue. Construction is continuing as reported. Railroad crossing permits are
    causing major delays in completion of construction in Royalton and Sharon. Bethel and Norwich designs
    are complete and we are working on designs for Randolph now. We dealt with considerable storm

    damage last week but all have been restored.

    10.Government Relations Update
    Irv talked about the two PUC hearings about the proposed make-ready rules and the comments that
    ECFiber has submitted.
    11.Executive Committee Report
    FX reported on the Executive Committee activities and explained that they discussed the operations
    report and the Q3 financials reports with Chris and Stan and worked on preparing the agenda for this
    meeting.
    12.Communications Committee Update (Tunbridge Fair)
    Dave Karon gave a summary of our Tunbridge Fair efforts. The booth was in same site under the
    overhang on the commercial pavilion, near the pig races! We had pretty good attendance and gave out
    numerous promotional stickers on handout cards. Next year he will be out of the country so someone
    will have to fill in during the event, though he will be available to help organize beforehand. Ken Alton
    volunteered to do so and said he’d love to see ECFiber service on site if that is possible. Kudos to Jeff
    Brand for caching our interactive maps on a local server for instant availability.
    13.Old Business
    None
    14.New Business
    None
    15.Adjournment
    Motion to adjourn at 8:56 p.m. (M/Gillette, S/White) – passed
    Note: The next Governing Board meeting is December 10, 2019.