October 1, 2007 - Board Minutes

Minutes of the REGULAR MONTHLY MEETING of the BOARD OF DIRECTORS held on 1 October 2007 in the CRTV Board Room, 500 Robron Rd., Campbell River, BC.

Archived Board Minutes

PRESENT: J. Kerr, R. Kerr, L. Marshal, K. Croft, S. Sinnott, B. Henshall and T. Renney.
ALSO PRESENT: Jim Forsyth, General Manager, G. Griffin, CIBC

                               
1.  Call to Order at 7:01 pm.

2.  Minutes of the Meetings:

     Moved by B. Henshall, seconded by R. Kerr: THAT the minutes of the Board meeting on the 10 September 2007
     be approved. CARRIED.

     Moved by B. Henshall, seconded by R. Kerr: THAT the minutes of the Board meeting on the 15 September 2007
     be approved. CARRIED.

3   Ends Issues: Discussion ensued with no changes.

4.  Monitoring Report:  

Moved by B. Henshall, seconded by L. Marshal: THAT the existing ENDS Policy EP1 be continued. CARRIED

Moved by K. Croft, seconded by B. Henshall: THAT the existing ENDS Policy EP2 be continued. CARRIED

Moved by T. Renney, seconded by R. Kerr: THAT the existing ENDS Policy EP3 be continued. CARRIED

Moved by R. Kerr, seconded by B. Henshall: THAT the existing ENDS Policy EP3.1 be continued. CARRIED

6.  Incidental Information:

Moved by L. Marshal, seconded by B. Henshall: THAT the Consent Agenda be approved. CARRIED .

The Manager updated the Board on the status of the Communications Plan.

Discussion ensued in regard to the "Expression of Interest" received from Shaw Communications Inc. to purchase CRTV. It was decided that a letter would be sent to Shaw thanking them for their offer and letting them know that the Board does not have the authority to sell CRTV. It was also determined that a Press Release would be posted on the 2 Oct 07 to inform the members of the Boards decision and that the option of selling CRTV would be discussed at the Annual General Meeting.

Moved by B. Henshall, seconded by R. Kerr: THAT VOD be tabled at this time for future discussion. CARRIED .

Moved by R. Kerr, seconded by L. Marshal: WHEREAS the Society has applied to CANADIAN IMPERIAL BANK OF COMMERCE (herein called "CIBC") for a loan and has agreed to execute and deliver to CIBC a Mortgage charging real property owned by the Society situate within the Province of British Columbia and more particularly described as: Parcel Identifier - 004-122-909, Lot 13, Section 32, Township 1, Comox District Plan 17063 herein called the "Lands".
Therefore be it resolved:

1. That this Society give security by way of a mortgage to CIBC in the principal sum of TWO MILLION ($2,000,000.00) DOLLARS in the form submitted to this meeting and initialled by the Chairman for identification and creating a charge upon the lands;
2. That any two of the directors, Ken Croft, Barry Henshall, John Kerr, Ron Kerr, Layne Marshal and Travis Renney be and are hereby authorized for and on behalf of the Society to execute and deliver the Mortgage with such alterations, additions, amendments and deletions as may be approved by them altogether with such other documents or instruments as shall be required by CIBC for the purpose of giving effect to this Resolution.

Moved by T. Renney, seconded by K. Croft:THAT the previous motion be amended such that S. Sinnott be excluded from the list of Directors authorized to sign the mortgage. CARRIED .

7.  Board Meeting Evaluation: High tension meeting
         
8.  ADJOURNMENT:

Moved by B. Henshall, seconded by L. Marshal: THAT the meeting be adjourned at 8:45 p.m.
CARRIED.

Next Regular Meeting: Tuesday 5 November 2007 at 7:00 pm

Annual General Meeting: Monday 19 November 2007 at 8:30 am

CABLE TV SERVICES I HI-SPEED INTERNET I ABOUT CRTV I PROGRAMMING I NEWS I CONTACT US I HOME I WHAT'S ON TV I CRTV NEWSLETTER | MY ACCOUNT