Explanation
BACKGROUND:
Previously ordinance 1296-2009 passed by City Council October 5, 2009 authorized the Director of the Department of Technology to enter into a contract of sale for fiber and underground conduit with Columbus Fibernet, LLC, to acquire a portion of the conduit system known as Fibernet and authorized the expenditure of $250,000.00 from the Department of Technology Capital Improvement Fund. The portion of the conduit system purchased consisted of one (1) point nine inch (1.9") duct with ninety-six (96) strand single mode fiber installed therein.
This ordinance authorizes and directs the Director of the Department of Technology, on behalf of the City of Columbus to modify the existing contract of sale for fiber and underground conduit with Columbus Fibernet, LLC to increase funds by $4,026,556.00 to purchase the remaining portion of the conduit system known as Fibernet (353,278 ft), to acquire the rights and interests in the conduit and fiber. This portion of the conduit system to be purchased consists of one (1) point nine inch (1.9'') duct with a ninety-six (96) strand single mode fiber installed therein as well. Funds for this portion of the acquisition were not available until the August 2010 bond sale. Negotiations were conducted with Columbus Fibernet to determine the pricing structure for the additional goods and services.
Columbus City Council continues to work with the Department of Technology in conjunction with the Department of Development to utilize the conduit and fiber as an economic development asset that can be integrated into an overall strategy to assist current businesses and attract new ones. The conduit and fiber will be used as an economic development incentive to bring high-tech companies to Columbus by providing an existing "telecommunications pathway" within the City's business district, allowing these prospective businesses to avoid the costs associated with constructing their own conduits.
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