HomeMy WebLinkAboutMemo - Mail Packet - 12/21/2021 - Memorandum From Chad Crager Re: Work Session Summary - December 14, 2021 - Connexion UpdateFort Collins Connexion
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MEMORANDUM
Date: December 15, 2021
To: Mayor and City Council
From: Chad Crager, Broadband Executive Director
Thru: Kelly DiMartino, Interim City Manager
RE: Work Session Summary December 14, 2021: Connexion Update
All Councilmembers were present for the work session. Staff provided background and updates
related to the Connexion buildout and business plan.
Questions included:
Items missed in the original business plan especially related to boring.
o It was clarified that this boring line item is not tied to the network buildout by AEG
but is directly related to commercial and multifamily dwelling installations.
o While Connexion anticipates potential higher take rates than listed in new
projections it also realizes that there is a cost to additional installations that
needs to be factored in.
o Full absorption date is taking into account that multifamily dwellings and
commercial in general require approval of property owners and securing right of
entry agreements can take additional time.
Concern on additional funding needed.
o Staff expressed confidence that the project would not need more than what is
requested based on having the bulk of design and boring work completed.
o The requested funding was developed based on business need and is within
what the voters initially approved for Connexion.
o Additional funding discussions will occur at Council Finance and with the full
Council. Any potential impacts and trade-offs will be identified.
Next steps:
Initial funding conversation will start at Council Finance meeting in February.