East Central Vermont Telecommunications District (ECFiber)
Executive Committee Meeting
June 4, 2019

Call to Order – Irv Thomae, Chair, called the meeting to order at 5:31 PM.

1. Attendance
x indicates in attendance
Attendee, Affiliation, Role, Expiry
x Irv Thomae, Norwich, Chair (annual), 2019
x F.X. Flinn, Hartford, Vice Chair (annual), 2019
x Jim Masland, Thetford, Member at Large (3 yr.), 2019
x Dan Childs, Brookfield, Member at Large (3 yr.), 2020
x Chris Noble, Royalton, Member at Large (3 yr.), 2021
x Clare Holland, Sharon, Member at Large (2 yr.), 2020
x Elizabeth Warner, Pittsfield, Member at Large (2 yr.), 2019
x Marty Blumberg, Thetford, Treasurer
x Daniel Leavitt, Barnard, Secretary 2019
x Chris Recchia, ValleyNet, Managing Director
x Stan Williams, ValleyNet, CFO
x Carole Monroe, ValleyNet, CEO

2. Changes to Agenda
Jim Masland asked to add a micro-cell discussion to the agenda. Carole and Stan will call in to discuss at 6:15pm.

3. Accept May 7, 2018 Minutes
Minutes accepted by consensus, no changes.

4. Government Relations Update
Irv discussed the make-ready provisions of H.513. That bill is not yet signed but is expected to be soon. The communications committee met and discussed having an ECFiber presence at a few Farmer’s markets this summer and at the Quechee Balloon Fest and the Tunbridge fair.

5. Construction & Operations Update
Chris Recchia reported that we have added 34 new subscriptions since May 15th but that we need to
concentrate on increasing the installation velocity. A Construction & Operations report will be
prepared and delivered to the Secretary in time for inclusion in the Governing Board packet.

6. Financials Update
Marty reported $4.6M remaining in our 2018A construction fund. The recommendation is to
proceed with preparations for the 2019A offering and to defer it a month or two to better line up
with the need.

7. Microcell discussion
Stan and Carole joined on-line. Irv and Jim discussed the micro-cell implications of H.513 and Carole and Stan highlighted some of the issues associated with bringing the CoverageCo systems back on-line. Stan said that ECFiber should not go beyond being “willing to provide backhaul on commercially reasonable terms.”

8. Review Governing Board Meeting Agenda
Agenda items for next week include:
• Government Relations Update
• Construction & Operations Update
• Financials Update
• Move to proceed with the issuance and sale of the East Central Vermont Telecommunications District Revenue Bonds Series 2019A, subject to confirmation at the July 9, 2019 regular meeting of the Governing Board.
• Discussion of Quechee Balloon Fest, Tunbridge Fair and Farmer’s Markets

9. Other business

10. Adjournment
Motion to adjourn (M/Childs, S/Warner) – Passed unanimously at 7:24 PM.

Respectfully Submitted,
Dan Leavitt, Secretary