The Monticello City Council approved more than $900,000 in previously unauthorized operating fund transfers Monday night as an consent agenda item without any discussion, including a $250,000 supplemental transfer from the city’s liquor store fund to FiberNet, the city’s broadband utility.
FiberNet’s continuing on its present course represents poor governance and is a waste of taxpayer’s dollars. Change is needed. The city should take two more years to work on the operational and associated issues surrounding FiberNet, then make a decision to fish or cut what’s become an ever-dangling broadband bait.
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.
Monticello’s city-owned broadband network that offers high speed Internet, cable television and telephone services will be getting another general manager. FiberNet is currently being led by Dan Olsen and Brian Estrem. Olsen is in charge of network architecture and technology improvements while Estrem is leading daily operations. Contracts for both men run through the end […]
Should the city of Monticello spend money for a feasibility study that would research the concept of municipal and other fiberoptic networks joining forces? That communications infrastructure-related query was on Tuesday night’s Monticello City Council agenda.