Approval Sheet

CITY OF GILLETTE
201 E. 5th Street
Phone (307)686-5200
CITY OF GILLETTE

www.gillettewy.gov

 
DATE: 11/21/2017 7:00:00 PM
SUBJECT:
A Public Hearing Related to the Submission of an Application to the Wyoming Business Council Under the Business Ready Community Grant and Loan Program for a Community Readiness Project on Behalf of the Governing Body of the City of Gillette, Wyoming, for the Purpose of the City of Gillette Fiber Improvement Project.
BACKGROUND:

In an effort to secure additional funding sources, staff supports a grant application to the Wyoming Business Council to fund 80% of the eligible costs for the City's Fiber Improvement Project.  A full copy of the City's grant application will be available for review from the City's Finance Department after November 27.
ACTUAL COST VS. BUDGET:

The grant request will be in the amount of $1,332,256.00, representing eighty percent (80%) of the project.

The City of Gillette will provide the matching funds of $333,064.00, representing the remaining twenty percent (20%) of the project.  The matching funds will come from a portion of the City's Optional 1% Sales Tax Revenue that has been earmarked for the Power Fund as part of the FY 18/19 budget.
SUGGESTED MOTION:

No Action for Public Hearings.
STAFF REFERENCE:
Michael H. Cole, P.E., Utilities Director
ATTACHMENTS:
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