The board of directors elected: Randolph Knight as board chair, Joyce Dore Griffin as vice-chair, Edward Thomas as secretary, and Michael Watson as chair of the Finance Committee
Other members in attendance were Joseph Boschulte, Beverly Nicholson-Doty, Roberto Cintron and Ricaldo Lettsome. Michael Daswani was excused.
WICO President and CEO Joe Boschulte presented an overview of the FY 2015 budget and answered questions from the board on the outsourcing of specific tasks, V.I. Government Employee Retirement System management agreements, rental properties and current leases, and went on to outline miscellaneous revenues from the sale of bulk water to cruise lines and advertising of local businesses to cruise lines while on the dock.
Board members were presented with a summary of all meeting transcripts from 2014 and requested that future transcripts be available no later than two weeks after each meeting, according to the WICO statement.
The board tasked Watson with analyzing each current WICO contract, rating how needed it is; if the work can be done in-house and if the work relates to WICO’s core cruise-oriented mission. It requested Watson present a summary at the board’s next regular meeting in April.
The board voted to approve a regular schedule of bi-monthly meetings, dockage database improvements, and scheduling meetings with taxi industry representatives and GERS.
WICO, a formerly private company, was purchased by the V.I. Public Finance Authority in 1993.
The next regular meeting will be in April at a date to be announced.