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HomeMy WebLinkAbout01/10/2023 - COUNCIL - MEMO - Work Session Summary – January10, 2023 Connexion UpdateFort Collins Connexion Broadband Services 215 N. Mason St. Fort Collins, CO 80524 970.207.7870 fcconnexion.com MEMORANDUM Date: January 19, 2023 To: Mayor and City Council From: Chad Crager, Connexion Executive Director Travis Storin, Chief Financial Officer Nina Bodenhamer, City Give Director Thru: Kelly DiMartino, City Manager RE: Work Session Summary – January 10, 2023 Connexion Update Mayor Arndt, Mayor Pro Tem Francis and Councilmembers Canonico, Pignataro, Gutowsky, and Ohlson were present. Staff provided a general update on the Connexion broadband service and rollout that included: Build out completion by the end of March 2023, resident feedback group implementation, number of customers/take rate Industry challenges that led to less installers and higher installation costs than anticipated in 2022 Due to above challenges, a need to access the remaining $20M in previously resident- approved bonding capacity of $150M o This would happen in the second half of 2023 and likely be a joint bond with Light and Power (L & P) Video price increase and a demo of a video selection tool available on the Connexion website that allows customers to find TV alternatives that meet their needs Details of the Digital Inclusion program funded by 6% of Connexion revenue which includes a discounted internet price of $19.95 for 1 Gig internet speeds Regional partnerships and federal grant opportunities in partnership with Larimer County Discussion: Appreciation for My Bundle video tool and transparency in finding best option for customer Acknowledgement of capital needs and confidence in overall project and future success DocuSign Envelope ID: E4408620-0CF5-4746-AE58-3E2303D7EA56 Next Steps: Continue monthly reports, meet with Council Finance Committee, and bring a resolution to Council Joint bond with L&P during the second half of 2023 DocuSign Envelope ID: E4408620-0CF5-4746-AE58-3E2303D7EA56