Board Minutes January 2017: Difference between revisions
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→Goodwill Space (10 min)
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=== Goodwill Space (10 min)=== | === Goodwill Space (10 min)=== | ||
* Goodwill has | * Discussion notes: | ||
Goodwill has received their $75,000 grant. | |||
And YCR2 is now pursuing charitable status independent of EBC. | And YCR2 is now pursuing charitable status independent of EBC. | ||
The updated agreement has differentiated between the programs of EBC and YCR2, the new agreement appears (?) strictly focussed on the programs of YCR2 and may not permit access to EBC programs. Jon will seek clarification on this point. | The updated agreement has differentiated between the programs of EBC and YCR2, the new agreement appears (?) strictly focussed on the programs of YCR2 and may not permit access to EBC programs. Jon will seek clarification on this point. | ||
The second issue, in the event that YCR2 becomes a separate legal entity the agreement becomes binding on both EBC and YCR2 as separate entities. We will want to establish an exit clause for EBC in case YCR2 dissolves are we are left liable for the matching $25,000 (x3 over the course of the contract for). | The second issue, in the event that YCR2 becomes a separate legal entity the agreement becomes binding on both EBC and YCR2 as separate entities. We will want to establish an exit clause for EBC in case YCR2 dissolves are we are left liable for the matching $25,000 (x3 over the course of the contract for). | ||
== <i>In Camera</i> Session == | == <i>In Camera</i> Session == | ||