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</o:shapelayout></xml><![endif]--></head><body bgcolor=white lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'>Dear Council Members,<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'>The announcement below from Xavier is indirectly related to the discussions about the standing committee on the draft budget process. I thought it would be good to forward this along for your attention and consideration.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'>Thank you.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'>B<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></p><div><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'>Berry A. Cobb<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'>720.839.5735<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'><a href="mailto:mail@berrycobb.com"><span style='color:blue'>mail@berrycobb.com</span></a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'>@berrycobb<o:p></o:p></span></p></div><p class=MsoNormal><span style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> community-finance-bounces@icann.org [mailto:community-finance-bounces@icann.org] <b>On Behalf Of </b>Xavier J. Calvez<br><b>Sent:</b> Friday, October 13, 2017 13:01<br><b>To:</b> community-finance@icann.org<br><b>Cc:</b> BFC<br><b>Subject:</b> [community-finance] Public comment on Reserve Fund<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:11.0pt'>Dear all,<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>This email is to inform you of the public comment on the ICANN Reserve Fund which has just been opened yesterday (see link below). It focuses on updating the rationale and the target level that the ICANN Reserve Fund should have.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Community input is critical on this topic as the Reserve Fund is THE pillar of ICANN’s financial stability and sustainability. The Community input will help with the definition of rationale, and contribute to setting the target level. This is key to then determine the mechanisms that the Organization should put in place to reach and maintain the Reserve Fund.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>We will engage with everyone interested on this topic during ICANN60 for those who will be present. Looking forward to seeing you there. If you have questions on the content, please submit them as public comments as they will also help others, otherwise feel free to reach out to me.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><a href="https://www.icann.org/public-comments/reserve-fund-2017-10-12-en">https://www.icann.org/public-comments/reserve-fund-2017-10-12-en</a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Thank you.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Best,<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Xavier<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Xavier Calvez<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>ICANN – SVP & CFO<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>12025 Waterfront Drive, Suite 300<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Los Angeles, CA 90094<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Phone: 310-301-5838<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Mobile: 805-312-0052<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt'>Fax: 310-957-2348<o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>