Revenue received from the IRU agreement shall be deposited in the City's Fiber Fund No. 506.
Anticipated revenue associated with the IRU agreement is as follows:
1st Year Lease Fees: $16,000.00
Annual IRU Maintenance Fees: $1,600.00
I Move for Approval to Authorize the Mayor to Sign a Telecommunications Indefeasible Right of Use Agreement (IRU) between the City of Gillette and Advanced Communications Technology, Inc.