HomeMy WebLinkAboutMemo - Mail Packet - 1/24/2023 - 8 - Memorandum From Chad Crager, Travis Storin, Nina Bodenhamer Re: Work Session Summary – January 10, 2023 Connexion Update
Fort 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