Loveland approves broadband bonding
LOVELAND — The Loveland City Council approved an ordinance this week to allow the city’s newly formed Electric and Communication Enterprise to issue bonds to fund a municipal broadband system.
The enterprise, which aims to make fiber-optic internet service available to every home, business and school in Loveland, has been authorized to issue and sell $97 million in bonds, according to a Loveland news release.
The bonding process is expected to take about 60 days from Dec. 18, the date when the bond issuance was granted preliminary approval by the city council.
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JP Morgan has been selected to serve as the senior managing underwriter for the bond issuance.
LOVELAND — The Loveland City Council approved an ordinance this week to allow the city’s newly formed Electric and Communication Enterprise to issue bonds to fund a municipal broadband system.
The enterprise, which aims to make fiber-optic internet service available to every home, business and school in Loveland, has been authorized to issue and sell $97 million in bonds, according to a Loveland news release.
The bonding process is expected to take about 60 days from Dec. 18, the date when the bond issuance was granted preliminary approval by the city council.
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