Laserfiche WebLink
PRRIP — ED OFFICE DRAFT <br />01/30/2008 <br />other committees. Lawson said the idea was to have a chair for those committees that would <br />bring things to the GC for review and approval when necessary, and to provide updates to the <br />GC when appropriate. Purcell said the mutual opinion seems to be to just select a GC member to <br />be the liaison to the LAC, and asked for volunteers. Dale Strickland discussed the history of the <br />GC liaison issue and that the discussion was always centered on the LAC. Purcell asked if Brian <br />Barels would want the role. Barels said he would do it but said that John Heaston had <br />volunteered to do it at the October meeting. Heaston said he would gladly do it. Mike Ryan said <br />it makes sense to have the liaison be someone with land acquisition experience and that Heaston <br />has that. <br />Mike Ryan moved to name John Heaston as GC liaison to the LAC. Bleed seconded. <br />Motion approved. <br />Amendment to Wyoming Depletion Plan <br />Purcell discussed Wyoming's desire to move the completion dates for the depletion plan reports <br />from December 31St of each year to March 15th in order to allow time for completion of North <br />Platte Decree reporting and other acreage accounting. <br />Ann Bleed moved to extend the date. Alan Berryman seconded. Motion approved. <br />Approval to Proceed with Insurance Negotiations <br />Kenny discussed the status of the proposals received for the Program Insurance RFP. A review <br />panel evaluated the two proposals that were received and recommends moving forward with the <br />proposal received from Dunbar - Peterson. There are five items that need to be discussed with <br />Dunbar - Peterson and which may have implications to the cost of the proposal and Kenny wants <br />GC approval to move ahead with those discussions. The discussions would occur between <br />Kenny, the review panel, and representatives with Dunbar - Peterson. Bleed asked if the State of <br />Nebraska could join the Insurance Review Ad Hoc Committee to help address certain questions; <br />Purcell agreed. Bleed said the contact person would be Jennifer Schellpeper and that she would <br />have Schellpeper contact Kenny with Nebraska's concerns to ensure they are addressed. <br />Purcell said the action item is to authorize the Insurance Review Ad Hoc Committee, chaired by <br />Kenny, to proceed with the negotiation process, finalize the policy contingent on a budget limit <br />on premiums of $50,000 per year, and submit the final agreements to the NCF for execution and <br />administration. Alternatively, the agreement could be brought back to the GC at the February <br />2008 meeting for approval. Bleed said the review panel includes all of the appropriate parties <br />and that they and Kenny could move ahead with finalizing the agreement. Kowalski agreed that <br />was the right course of action especially considering the time and the possible EA pulse flow. <br />Ann Bleed moved that the Insurance Review Ad Hoc Committee and Executive Director be <br />authorized to finalize the insurance agreement and submit it to the NCF for execution <br />under the conditions described above. Felipe Chavez- Ramirez seconded. Motion <br />approved. <br />This document is a draft based on one person's notes of the meeting. The official meeting minutes may be different <br />if corrections are made by the Governance Committee before approval. Page 3 of 7 <br />