HomeMy WebLinkAbout9 LAFCO Risk Mitigation Plan Staff Report
To: Board of Directors
From: Alan Harry, Director of Telecommunications Services
Date: May 3, 2004
Subject: Broadband Business Implementation — Nevada County LAFCo "Risk
Mitigation Plan"
Summary
Pursuant to the requirements set forth by Nevada County LAFCo, the District has prepared
a Risk Mitigation Plan to ensure that electric and water revenues and reserves not be used
to subsidize and shortfalls.
History
In January of 2001 Nevada County LAFCo conditionally certified the District's request to
provide broadband services to its customers. One of the District's requirements to receive
final approval was the adoption of a Risk Mitigation Plan to ensure at the District's electric
and water revenues and reserves would not be used as subsidies to cover any revenue
shortfalls.
New Information
At your Special Meeting of April 28"' General Manager Peter Holzmeister presented a draft
Plan for board review. Since that time the document has been finalized to include all
necessary documents and prepared for board adoption.
Recommendation
It is recommended that the board adopt the attached Risk Mitigation Plan, and direct staff to
submit same to Nevada County LAFCo for their May 2004 regular meeting.
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