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File #: 18-599    Version: 1 Name:
Type: Agreement/Contract Status: Passed
File created: 12/3/2018 In control: Board of Supervisors
On agenda: 12/12/2018 Final action: 12/12/2018
Title: Central Virginia Electric Cooperative Broadband Grant Support Agreement
Attachments: 1. Att.A Agreement, 2. Att.B Resolution
AGENDA DATE: 12/12/2018

TITLE:
Title
Central Virginia Electric Cooperative Broadband Grant Support Agreement
BODY

SUBJECT/PROPOSAL/REQUEST: Approval of a Broadband Grant Support Agreement between the County of Albemarle, the Economic Development Authority of Albemarle County, Central Virginia Electric Cooperative, and Central Virginia Services, Inc.

ITEM TYPE: Regular Action Item

STAFF CONTACT(S): Richardson, Kamptner, Henry, Walker, DeLoria, Culp, Graham, Fritz

PRESENTER (S): Mike Culp

LEGAL REVIEW: Yes

REVIEWED BY: Jeffrey B. Richardson

BACKGROUND: The Albemarle Broadband Authority (ABBA) was incorporated on August 21, 2017. ABBA continues to investigate and work on projects to expand access to broadband for County residents in the unserved and underserved rural areas. Central Virginia Electric Cooperative (CVEC) and Central Virginia Services, Inc. (CVSI, which is CVEC's wholly-owned subsidiary), is working to provide broadband access to its entire membership, including approximately 3,600 sites in Albemarle County (the Project). Areas to be served include Schuyler, Afton, Greenwood, White Hall, Boonesville, Cash's Corner, Keswick, Red Hill, and Covesville.

CVEC estimated the Project would take five years to complete and requested grants equal to five years of the County's public service taxes for improvements related to this Project. Following direction from the Board of Supervisors and the Economic Development Authority, ABBA negotiated an accelerated Project timeline which incentivizes completion of the Albemarle County portion in 2022. CVEC also agreed to a total grant cap of $550,000, with an annual cap of $105,000. Also following Board of Supervisors and Economic Development Authority direction, ABBA negotiated a Broadband Grant Support Agreement with CVEC. This negotiation was completed on November 30, 2018.

STRATEGIC PLAN: Infrastructure Investment: Prioritize, plan and invest in critical infrastructure that responds to ...

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