Budget Workshop FY24/25
Municipal Broadband Utility
& American Rescue Plan Act Funds
Broadband Project Overview
City-wide infrastructure, proving access to 10GB speeds (3,100 Residents and 900 Businesses) 100% underground conduit and fiber installation
City-owned, operated and maintained infrastructure
Internet backhaul from MMBI and AT&T
Central Data Hut located at CV Starr Center
Estimated Build Cost: $14.5 Million
PLAN A:
Federal Funding Account Grant Request for $10.3 Million is Awarded in June 2024; American Rescue Act Funding is committed by July 2024;
Congressman Huffman Congressional Earmark Request makes it’s way through the appropriations process; CDBG Application Submitted October 2024 to cover the remainder of project cost. 100% of costs covered with grant funds
PLAN B:
Identify other uses for $1.7 in American Rescue Act Plan funding (brought forward to Council for discussion in July 2024) ARPA funds can be used to:
Replace lost public sector revenue;
Respond to negative economic impacts of pandemic;
Provide premium pay for essential workers;
Invest in water, sewer, and broadband infrastructure;
Title I projects;
Surface Transportation Projects;
Emergency Relief from Natural Disasters.