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20A - AA AND AGMT CITYWIDE WIFI
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20A - AA AND AGMT CITYWIDE WIFI
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Last modified
11/12/2020 5:44:55 PM
Creation date
11/12/2020 3:17:05 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
20A
Date
11/17/2020
Destruction Year
2025
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Approve Appropriation Adjustment and Amend Agreement <br />November 17, 2020 <br />Page 2 <br />Consulting Services agreement with Magellan Advisors LLC, established during the <br />aforementioned City Council action, in order to develop a Request for Proposals (RFP) to evaluate <br />options for the City to enter into public -private partnerships with wired and wireless internet service <br />providers (Exhibit 1). The RFP will be designed to collect responses from multiple private parties <br />interested in using the City's fiber, conduit, poles, and other broadband assets to deliver services <br />to both residents and businesses in the community, expanding access to broadband and working <br />with the City to develop a business model in which free or low-cost services are available for virtual <br />education and telehealth. <br />FISCAL IMPACT <br />Approval of the requested appropriation adjustment will recognize $1,475,047 into the Capital <br />Outlay, Miscellaneous Revenue, Prior Year Carry Forward revenue account (No. 05117002- <br />50001) and appropriate the same amount into the Capital Outlay, Streetlights, Improvements Other <br />Than Building expenditure account (No. 05117620-66220). These funds are the remaining balance <br />of the loan proceeds with the trustee from the financing agreement. Funds will be available for <br />expenditure in Fiscal Year 2020-21 to continue work on this project. A portion of the approved <br />appropriation will fund the requested increase to the Magellan Advisors LLC agreement of $36,685 <br />as follows: <br />Fiscal Year <br />Accounting Unit <br />Fund <br />Accounting Unit - <br />Amount <br />Account No. <br />Description <br />Account No. Description <br />FY 2020-21 <br />05117620-66220 <br />Capital Outlay <br />Streetlights, Improvements <br />$36,685 <br />Other Than Building <br />Total <br />$36,685 <br />Fiscal Impact Verified By: Kathryn Downs, CPA, Executive Director — Finance and Management <br />Services Agency <br />Submitted By: Nabil Saba, P.E., Executive Director — Public Works Agency <br />Exhibit: 1. First Amendment to Agreement with Magellan Advisors LLC <br />20A-2 <br />
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