Dear Council Members: I just wanted to apprise the Council of the following action items that the ICANN Board took during our teleconference earlier this week. To date a copy of the preliminary report has not yet been posted, http://www.icann.org/minutes/. However, I am confident that ICANN staff will see to the posting of this document within the five business day timeframe. In fact, I believe it is important to acknowledge the increased efficiency which John Jeffrey has been posting these documents which are part of the bedrock of ICANN's bottom-up, open and transparent process. Approved the Minutes from our last teleconference; Approved execution of the .MOBI registry contract Approved ICANN's continuing budget resolution Approved .HK Redelegation Request Approved financial expenditures in connection with legal bills Approved reimbursement of Director's travel expenses Approved staff to move forward with contractual negotiations with regard to .TEL application (http://www.icann.org/tlds/stld-apps-19mar04/tel-telnic.htm) During the call I also requested an update on the .NET contract negotiations. As you may be aware this contract was recently executed by VeriSign and ICANN and will go into effect July 1, 2005 (tomorrow). VeriSign has sent out notification to the registrars yesterday evening. I have asked ICANN staff to expeditious post the final .NET contract and its appendixes on the ICANN website as soon as possible as I know a number of members of the ICANN community had concerns regarding the initial draft contract. Should anyone have any questions or concerns please do not hesitate to contact me. Best regards, Michael D. Palage