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File #: 210267.    Version: Name:
Type: Discussion Item Status: Passed
File created: 8/3/2021 In control: City Commission
On agenda: 6/16/2022 Final action: 6/16/2022
Title: Discussion on Broadband Initiative (B)
Attachments: 1. 2102671_Magellan Presentation - City of Gainesville FL June 2022_20220616

Title

Discussion on Broadband Initiative (B)

 

Explanation

At the City Commission Meeting of March 3, 2022, the City Commission passed the following motion: 

Request that the consultants work with city staff on a business plan for the priority one area as a pilot project, with a future option to expand citywide; to use a maximum of $9.6 million in ARPA funds and not to add new debt; to include wireless deployment in the plan; and for Magellan Consultants to work with GRU on the business plan. GRU schedule follow-up item combining broadband with GRU Committee report item.

 

Since the March meeting, City Staff has reviewed the models used by Magellan advisors.

 

Fiscal Note

 
$9.6 million of ARPA funds the pilot. If financial projections are not met, shortfalls must be paid. There are no additional funds available to pay for potential shortfalls. Potential additional legal expenses are unknown.

 

Strategic Connection:

Goal 1: Equitable Community and Goal 5: Best in Class Neighbor Services

 

Recommendation

City staff recommend that the City Commission hear from Magellan Advisors about the Broadband Business Model requested via the motion and from City Staff on the remaining implications for the financial, legal and risk mitigation perspectives.

 

 

 

 




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