IEDC Resolution 2008-01MONTICELLO INDUSTRIAL DEVELOPMENT COMMITTEE
Resolution No. 2008-O1
RESOLUTION OF SUPPORT FOR FIBERNET MONTICELLO AND SUPPORT
FOR ISSUANCE OF TELECOMMUNICATIONS REVENUE BONDS, SERIES
2008C.
WHEREAS, the City Council adopted Resolution No. 2008-16 on February 11, 2008, recognizing
the Monticello Industrial Development Committee; and
WHEREAS, the City of Monticello completed a Monticello Fiber Optics Feasibility Study and
Business Plan in September 18, 2006; and
WHEREAS, the City of Monticello conducted a community survey resulting in 66.3% of those
surveyed supported the City of Monticello providing telephone, Internet and cable TV services at a cost
savings of approximately 15% off existing prices; and
WHEREAS, the City of Monticello held a referendum on September 18, 2007, resulting in a 74%
approval by the residents for acity-wide owned and operated telephone exchange as part of the fiber
optics network; and
WHEREAS, the City of Monticello authorized and completed a RF Frequency Survey on the site
proposed for construction of the Head-In Building; and
WHEREAS, the City of Monticello hired Spectrum Engineering for design and engineering of the
fiber optic network; and
WHEREAS, the City Council members of the City of Monticello will consider approval of the
Governance Ordinance at the April 14, 2008 Council meeting; and
WHEREAS, the City Council members of the City of Monticello will consider adoption of a
resolution calling for the Telecommunications Revenue Bonds, Series 2008C at the April 14, 2008
Council meeting.
NOW, THEREFORE, BE IT RESOLVED that the Monticello Industrial Development Committee
supports FiberNet Monticello and supports the issuance of Telecommunication Revenue Bonds, Series
2008C.
1. Given the projected savings, increased Internet speed, and improved service of a city-wide
owned and operated fiber optics network.
2. Given the no home left behind philosophy of FiberNet Monticello.
Given consistent favorable results of the fiber optics surveys and telephone exchange
referendum.
4. Given the consistent assessment and conformity to the Fiber Optics Feasibility Study and
Business Plan.
5. Given the economic benefits of a city-wide fiber optics system in Monticello.
Adopted this 1 S` day of April, 2008, by the Members of the Monticello Industrial Development
Committee.
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Mik Benedetto, IDC Chair
.~sL ` C~ U ~y
Ollie Koropchak, IDC Se tart'
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