In case you’ve been wondering what the KBTL Board’s been doing lately, here are some recent highlights:
May 23, 2016 – The Board approved a Capital Search Committee.
We are already having discussions with a number of lenders who have expressed interested in the project. Nonetheless, given the size of our project, we need to build a balanced package of debt and equity financing strong enough to enable us to purchase, operate, and ultimately expand BT.
The Capital Search Committee will develop a list of sympathetic capital sources, the size of which exceeds the co-op’s needs, so that the cheapest possible capital can be mobilized for the transaction.
May 2, 2016 – KBTL member Greg Epler Wood was present to discuss issues related to the Certificate of Public Good that the coop will be required to obtain upon purchase of BT. During an Executive Session, the Board continued previous meetings’ discussion of recent and future meetings with lenders.
April 18, 2016 – The Board discussed the current financial performance of BT, development of a Policy Register, the current status of the Burlington Telecom advisory Board RFP criteria recommendations, our attendance at the upcoming Coop Summit, and our planned attendance at the upcoming PSB meeting about BT’s CPG. During an Executive Session, the Board discussed recent and future meetings with lenders.
April 4, 2016 – The Board considered a variety of questions and suggestions from members (details here). During an Executive Session, the Board discussed recent and future meetings with lenders.
(Once the Board approves them, you can find minutes of past Board meetings posted at http://www.keepbtlocal.com/category/meeting-notes-agendas/)
For more Board Minutes, please click here.