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Staff Report
To: Board of Directors
From: Alan Harry, Director of Telecommunications Services
Date: January 30, 2003
Subject: Broadband Business Planning—status report on financing
Summary
In keeping with their contractual requirements with the District, Aggregate Networks has
located two underwriting/ lending firms that are interested in fully funding the Sdistrict's
Fiber to the User Broadband system.
History
As you know, Aggregate Networks has been hired by the District to assist staff in locating
and securing the funds needed to build a Fiber to the User Broadband system within the
District's service area. To date Aggregate Networks has prepared Business Plans,
Financial Projections, a Business Plan Narrative and initiated discussions with two
Underwriting/ Lending firms who have submitted proposals for the complete financing of the
District's system.
New Information
At your regular meeting of February ! th, Aggregate Networks' Rick Kaufman will provide the
Board with a status report on the financing of the project. This report will focus on the types
of lending proposed by the firms we are currently in contract with, an understanding of the
proposed term sheets, and information on the interest rates that may be available to the
District.
In that this will be a status report, no action by the Board will be required.
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