HomeMy WebLinkAbout5 Broadband Agenda Item #
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Memorandum
To: Board of Directors
From: Alan Harry, Director of Telecommunications Services
Date: November 12, 2003
Subject: Broadband Business Implementation; Financing; Status
Summary
The District has been actively moving forward to provide competitive data, video and voice
services to the homes and businesses within its service territory. We are currently working
with Barton Creek to locate and secure the funds necessary to construct the District's Fiber
to the User Broadband System.
History
At your regular meeting of September 17, 2003, the Board authorized staff to engage Barton
Creek as the District's Placement Agent for the Broadband Financing.
New Information
Over the past 45 days Barton Creek, Aggregate Networks and District Staff have worked to
prepare a preliminary book, which shall be delivered to rating agencies and insurers for
review.
So as to keep the Board fully apprised of our project's funding status, the principles of
Barton Creek, Rob Riviere and Paul Jenison will be in attendance to provide an up to date
overview as to the status of project financing.
Recommendation
No Board action is required.
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