HomeMy WebLinkAbout2002-05-13 02-214 RESOLVEItem No, 02-214
Date: May 13, 2002
Item/Subject: RESOLVE -Appropriating $21,500 from the PEG Capital SupportDesignated
Fund Balance for Capital Purposes
Responsible Department: Finance
Commentary:
As you may recall, the City Is In the process of establishing a fiber optic manvorlu The
original end: projections for the project were made well over two years ago.
The final project costs exceed the original estimate due mainly m increased equipment
training and consultant costs.
The funds in the PEG Capital Support Designated Fund Balance are a result of the franchise
agreement with Adelphia and are to be used for development of the I -Net
By way of an update, most all remote locations have had the cable run and equipment
installed and the core unit was installed at City Hall, this past week. Staff anticipates testing
to continue for another 1-2 weeks, then the fiber will be fully functional for data purposes.
Department Head
Mange Comments:
Recommend! approval.
1dA
City Manager
Associated Infomration: Resolve
Budget Approval: nn�
The PEG Capital Support Designated Fund Balance has $96,700 available. ,11
J�Finance Director
City Solicitor
Passage
X First Reading Page_of_
X Referral t0 Finance Committee of May 22, 2002
02-216
ASSIpOWCOW01lOr pealley My 13. 2002
k' CITY OF BANGOR
(TITLE.) Resolve, Appropriating $21,500 from the PEG Capital Support Designated
Fund Balance for Capital Purposes
By Me aty Cbuiwl ofBx OryaBangor:
RESOLVED, THAT
The amount of $21,500 be appopdand from the PEG Cappal Support Oesl9nated Fund Balance A unt
M the Fiber Optic Project (M7 -91001M) 5) to provide admional funding far the QWs Fiber OpOc
Network Project.
IN CITY COUNCIL
May 13, 2002
First Reading
Referred to Fissure
Committee n
IN CITY COUNCIL
May 29, 2002
Notion Made and seconded
for Passage
Passed
c
02-216
RESOLVE
Title, Appropriating $21,500 frw the
PEG Capital Support Designated Fund
Balance for Capital Purposes
• I �Assigned to
YV / Councilor
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