1. Blue Ribbon Commission Organizational meeting Monday, December 21 st, 2009

2. Agenda Items – December 20 th 2009 Review of Committee Charge Process to obtain data – Non-Disclosure Agreement Communication Strategy Process to solicit and hire consultants Meeting Format & Schedule – Public comment period – schedule

3. Committee Charge Submit Report by January 15 th, 2010 to City Council 1.Assess the viability of Burlington Telecom A.Current debt load B.Additional financing necessary to comply with its CPG C.Industry and Technology Trends D.Develop projections – Based on trends & financial analysis of BT – Determine the ability to repay such financing and to preclude the necessity for relying on the resources or full faith and credit of the City.

4. Committee Charge Submit Report by January 15 th, 2010 to City Council 2.Assess all available options for financial structure of BT including, but not limited to: A.Piper Jaffray financing offer B.Other possible financing options C.Joint venture or equity sale D.Outright sale of BT E.Other options recommended by consultants

5. Committee Charge 1.Assess the viability of Burlington Telecom A.Current debt load – Primary Commissioner - – Consultants needed: – Action Steps:

6. Committee Charge 1.Assess the viability of Burlington Telecom B) Identify additional financing necessary to comply with Certificate of Public Good – Primary Commissioner - – Consultants needed: – Action Steps:

7. Committee Charge 1.Assess the viability of Burlington Telecom C) Gather Industry and Technology Trends – Primary Commissioner - – Consultants needed: – Action Steps:

8. Committee Charge 1.Assess the viability of Burlington Telecom D) Develop Projections based on trends and financial analysis & determine ability to repay proposed debt – Primary Commissioner - – Consultants needed: – Action Steps:

9. Committee Charge 2.Assess all available options for financial structure of BT including, but not limited to: A/B) Review Financing options including Piper Jaffrey – Primary Commissioner - – Consultants needed: – Action Steps:

10. Committee Charge 2.Assess all available options for financial structure of BT including, but not limited to: C) Review Joint Venture or equity sale – Primary Commissioner - – Consultants needed: – Action Steps:

11. Committee Charge 2.Assess all available options for financial structure of BT including, but not limited to: D) Review outright sale of BT – Primary Commissioner - – Consultants needed: – Action Steps:

12. Committee Charge 2.Assess all available options for financial structure of BT including, but not limited to: E) Review other recommendations from consultants – Primary Commissioner - – Consultants needed: – Action Steps: