RE: [nc-budget] MY RECOLLECTION OF OUR RESOLUTION OF TODAY

["Peter de Blanc" <pdeblanc@usvi.net>]

the wording is fine with me

peter

-----Original Message-----
From: owner-nc-budget@dnso.org [mailto:owner-nc-budget@dnso.org]On
Behalf Of Cochetti, Roger
Sent: Thursday, April 05, 2001 9:40 PM
To: 'Erica Roberts'; Cochetti, Roger; nc-budget@dnso.org
Subject: RE: [nc-budget] MY RECOLLECTION OF OUR RESOLUTION OF TODAY


It seems to me that the changes that Erica's version makes are to recognize
that

(1) ICANN management currently administers the DNSO's assessed dues (so she
says "in the event that ICANN management is no longer willing..."; and
(2) our decision regarding the fallback to the French non-profit related to
the voluntary funds, and not necessarily the assessed dues.

If anyone objects to Erica's slight re-wording of the decision that we made,
please let me know as soon as possible.

 -----Original Message-----
From: 	Erica Roberts [mailto:erica.roberts@bigpond.com]
Sent:	Thursday, April 05, 2001 12:36 PM
To:	Cochetti, Roger; nc-budget@dnso.org
Subject:	Re: [nc-budget] MY RECOLLECTION OF OUR RESOLUTION OF TODAY

Tho I have one or two reservations, I think the gist of this is
substantially correct.  However, thr tone strikes me as decidely
threatening - tho I'm sure this is not what was intended - so I would
suggest changes as detailed below.

On the substantive issue, it seems from the text you have drafted that we
are concerned only about the voluntary funds and not the subscription funds.
However, since we have provisionally agreed that  the voluntary funds will
be administered by the French, by default, ICANN retains the management of
the subscription funds.   I think we need to clarify that ICANN management
of these funds will be in accordance with the terms set out below.

I suggest the following changes in the text which I hope are agreeable to
all and reflect the sentiment of the meeting.

The NC Budget Committee resolves to accept the offer by ICANN to administer
DNSO funds on the understanding that:
* ICANN will charge no administration fee
* that ICANN management will dispense these funds according to instructions
from the Names Council or its designee, unless ICANN formally notifies the
Names Council and its Budget Committee that  to do so would either be
illegal or jeopardize ICANN's tax status.

To ensure that arrangements for the administration of DNSO funds are
completed in a timely manner, the Budget Committee requests ICANN
confirmation within 5 days to the arrangements outlined above.

The Budget Committee further resolves that, in the event that ICANN is no
longer willing to manage DNSO funds, it will  proceed with the establishment
of a custodial relationship for its voluntary funds by a non-profit
corporation that would be organized in, and under the laws of, France;
recognizing that this French non-profit organization may establish a bank
account for the DNSO's voluntary fund with a bank either inside or
outside of France.


erica


----- Original Message -----
From: "Cochetti, Roger" <RCochetti@verisign.com>
To: <nc-budget@dnso.org>
Sent: Thursday, April 05, 2001 8:33 AM
Subject: [nc-budget] MY RECOLLECTION OF OUR RESOLUTION OF TODAY


>
>
> The Budget Committee hereby decides to accept the offer of ICANN
Management
> to administer the funds voluntarily collected for the DNSO at no charge to
> the DNSO, understanding, however, that ICANN management will dispense
these
> funds according to instructions from the Names Council or its designee,
> unless ICANN management formally notifies the Names Council and its Budget
> Committee that it cannot dispense funds as directed by the Names Council
or
> its designee because to do so would either be illegal or jeopardize
ICANN's
> tax status.
>
> Moreover, if ICANN management does not accept this proposal within five
days
> of its delivery to them, the Budget Committee decides >