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Staff Report1 Staff Report Date of Meeting: March 21, 2024, City Council Meeting To: IAC Chairman and Committee Members From: Kyle Morell, City Administrator Re: March Staff Report ______________________________________________________________________________ MidCo Project Updates Jason Sachs, General Manager of Field Operations, and Elly Burroughs, Government Relations Manager, will attend our meeting to discuss Midco’s 2024 projects and beyond. At the request of Committee Chair Wilmers, I have asked for bios on both Jason and Elly. If I receive them before the meeting, I will pass them along. In the meantime, I have linked their LinkedIn pages below for some background on both. Jason Sachs https://www.linkedin.com/in/jason-sachs-714837112/ Elly Burroughs https://www.linkedin.com/in/elly-burroughs-0149385a/ Frontier – Recent Communication Included in your packet is our most recent communication with Frontier's Todd Kruse. They asked if the City wanted to partner on a BEAD grant. I reiterated the City’s position that it would not sign an NDA, which has been required to work with Frontier in the past. Todd has not replied to my response. CIP Committee Funding Request Committee Chairman Wilmers attended the September 6, 2023, City Council Work Session to advocate for the restoration of the IAC initial funding request for 2024 and 2025 of $250,000 per year. The council was receptive to his comments, understanding the money is a placeholder for future matching funds towards a large project using the newly released BEAD funds. Council is looking for a revised funding request once the BEAD grant program requirements are known. The 2024 budget was approved with the complete IAC funding request. 2 Project Financing Spreadsheet Review Councilmember Kronmiller has provided the Committee with an updated spreadsheet. IAC Charter Discussion At the July IAC meeting, the Committee proposed changes to the IAC Charter, specifically to the Purpose and Goals sections. The new language is updated and included in the attached Updated Charter. This item was tabled in November due to the length of the meeting. Items For Future Discussion