WebJan 4, 2024 · The broadband plan is going ahead despite a Colorado law that prohibits local governments from creating broadband networks; Fort Collins voters overrode that law in 2015. In November, 19 more Colorado cities and counties voted to opt out of the law — joining around 100 others in the state, The Denver Post reported. WebNow, Fort Collins is moving ahead after establishing that they intend to issue revenue bonds to develop a municipal fiber optic network. Big Spending Didn’t Stop The Need. After all the spending was totaled last December, Comcast and CenturyLink under the mask of Priorities First Fort Collins, spent $900,999 to try to defeat measure 2B.
Fort Collins Connexion needs more money for final phase of construction
WebDec 15, 2024 · In a 2024 poll, voters in Fort Collins authorized the city to issue up to $ 150 million in bonds for the project, and the city issued $ 129.6 million in bonds in 2024, which means the city is legally authorized to issue an additional $ 20.4 million in bonds. If Connexion issues more bonds, the city plans to repay the money with Connexion’s income. WebMay 15, 2024 · The initial start-up years 2024-2024 will use bond funds to cover working capital and capitalized interest costs. The base case revenues and expenditures provided by Fort Collins assume an adoption rate of 28.2% of potential broadband customers, construction costs of $109 million and 25-year debt financing. burris xtr3
Fitch Affirms Fort Collins, CO Electric Revenue Bonds at …
WebJun 28, 2024 · The bonds sale opened to individual investors a day before the institutional investors. Once it opened to those investors, 99-plus percent of the offering was bought … WebApr 17, 2024 · The City Council has approved a measureto issue up to $142.1 million in revenue bonds toward the municipal fiber optic project. In addition to traditional revenue … WebThe City government would be authorized to borrow up to $150 million to build a broadband system, but decision making would be transferred away from the voter-accountable City Council to an appointed board or commission. The $150 million of bonds would be secured with a pledge of higher electricity rates if broadband revenues fall short. burris xtr 312 scope