Kearns Community Council -

KOPFC - Tennis Center

EXECUTIVE SESSION - Workshop 7:00 pm November 30th. 2005

· Roll Call

· Establish Finance Oversight Committee

· Discuss incremental 2005 budget for submission to SL County

· Discuss preparation of 2006 budget

· Discuss new corporation and freezing of old corporation - steps:

1. Establish new corporation (Kearns Community, Inc.) - nine member board with Chairman as Registered Agent.

2. KCC / KTC will sell the name "Kearns Community Council" to the new corporation. Continue to do business as KCC unde^he new corporation/Adopt County suggested bylaws for the new) corporation.

3. Create a three member Board of Directors to manage the old corporation (amend KTC bylaws). This three member board must be sitting members of the current Kearns Community Council and act as the agents of that new Council in the management of the old corporation. Freeze all accounts and activity of the old corporation until all investigations are complete.

4. Move forward as the Kearns Community Council (a DBA of Kearns Community, Inc.)

5. Open a new checking account and establish a tax ID under the
NEW corporation.

6. Submit our Request for Recognition Letter and 2005 incremental
budget to the County Council and point to the following actions
taken to comply with the wishes of the County for recognition.

• Completed a new election and seated nine new council
members

• Changed our name to Kearns Community Council (under a
new corporation)

• Adopted the County recommended By-Laws

• Established Financial Controls by establishing an Oversight
Committee and opening a new checking account under the
new organization

•    Discuss process for election of new 2006 officers

ADJOURN