Court approves city selling bonds for fiber
The City of Mountain Home had a hearing with District 4 Judge Nancy Baskin seeking approval for the city to collect bonds for the planned residential fiber optic project.
The comprehensive memorandum was asking for the courts to approve the fact that the city has the authority to construct and maintain a fiber optic infrastructure for its citizens and to gather the funds needed to complete it.
The city’s attorney presented the plan saying that the proposed fiber optics would improve the life of citizens and the bonds would be sold as a voluntary indebtedness because only people opting into the network would be paying the installation fees and no tax dollars will be used for the project.
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