The city of Monticello will use a general obligation bond to pay a $5.75 million settlement with FiberNet bondholders who filed a class action suit against the city. A final settlement hearing in the FiberNet bondholder lawsuit saga was held Friday, Sept. 12, in U.S. District Court in Minneapolis.
City officials have finally released a draft copy of a consultant’s status report that provides analysis of FiberNet Monticello technology and operational improvements. The Monticello Times filed a Freedom of Information Act (FOIA) request with the city asking the Dawson FiberNet Monticello status report be released.
Monticello’s quest to obtain a FiberNet software program independent of a management service contract generated friction during Monday’s city council meeting. Council members previously authorized purchase of billing software and associated support services from Great Lakes Data Services (GLDS) at their March 10 meeting. Software from the company was initially favored because city staff was [...]
The Monticello City Council has entered into contracts with Brian Estrem and Dan Olsen for general management and technical services supporting FiberNet Monticello, the city’s broadband initiative. The agreements unanimously approved Monday extend to Dec. 31, 2014. According to a background memo prepared by City Administrator Jeff O’Neill, Brian Estrem’s contract calls for a monthly [...]