ACTCCC AGM Wednesday 13 th October 2010
John Harding wrote:
Congratulations to Davo and Seedy. At the ACTCCC AGM, to huge acclaim, Davo (David Osmond) was awarded life membership for outstanding service over many years while Seedy was awarded race manager of the year for his brilliant job organising the Canberra Road Running Festival.
Over 80 people attended the AGM which went for 2 and half hours while there was a vigorous debate and many questions over a motion to wind up the club. The club has a legal bill to pay of $16,000 in only a week but only has $15,000 in the bank and has other bills also to pay. As legally it cannot trade if insolvent there was really no choice but to wind up, as a further bill for damages of up to $100,000 is also in the offing and offers to reach a settlement with CSM were rejected by CSM.
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Footnote by Friar
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There was a report on the meeting in The Canberra Times today at page 9.
Congratulations to Davo and Seedy. At the ACTCCC AGM, to huge acclaim, Davo (David Osmond) was awarded life membership for outstanding service over many years while Seedy was awarded race manager of the year for his brilliant job organising the Canberra Road Running Festival.
Over 80 people attended the AGM which went for 2 and half hours while there was a vigorous debate and many questions over a motion to wind up the club. The club has a legal bill to pay of $16,000 in only a week but only has $15,000 in the bank and has other bills also to pay. As legally it cannot trade if insolvent there was really no choice but to wind up, as a further bill for damages of up to $100,000 is also in the offing and offers to reach a settlement with CSM were rejected by CSM.
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Footnote by Friar
-------------------
There was a report on the meeting in The Canberra Times today at page 9.
posted by Friar at Thursday, October 14, 2010
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