• C-Com presented a new approach to obtain funding based on pursuit of approximately $1 million in private funding in order to build a permanent 2 square mile network in which the business model could be tested. 
• C-Com has made representations that potential investors would like to see a small scale network based on the proposed business model prior to supporting the entire 137 square mile proposal.  
• It was acknowledged that the CWC and C-Com have had an overall positive relationship and that the C-Com business model and vision still has merit and is worthy of consideration (including the new approach).
• It was agreed by the Board that it was not in the best interest of the CWC to grant another blanket, exclusive Letter of Intent extension to C-Com.
• The Board has agreed, in principle, to a letter that would support C-Com’s continued pursuit of funding and the intention of honoring the negotiated contract if funding is obtained within a certain amount of time, but would not preclude the CWC from investigating and pursuing other options.
• During this meeting CWC discussed options moving forward and contingency plans.  More to come on this.

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