Yeah, good people find themselves in legal trouble all the time when getting
involved with guvmnt money. Less than zero tolerance for even the
appearance of evil.
-----Original Message-----
From: Travis Johnson
Sent: Thursday, August 11, 2016 10:48 AM
To: af@afmug.com
Subject: Re: [AFMUG] Special Assessment
You better build in an additional 100% for overhead costs... I would
imagine you would have to start doing audited tax returns and financials
every year. You will also have to have someone tracking every single
expense and what it is attached to, etc.
Then you will have all the overhead and administrative costs for
managing the paperwork and government related money.
Travis
On 8/11/2016 10:21 AM, Sterling Jacobson wrote:
Has anyone here ever done a special assessment funded project?
I have a couple of examples in Utah/Idaho, but am looking for specific
examples and advice from my provider friends here.
I'm not sure if it's called something else in other states so this is what
I have been told:
You talk to a land developer, get them to partner up with your company and
the city.
They allow a tax or assessment item to be attached to the developed
lot/unit for around 20 years.
Sometime like $150 a year, so $3000 total over the period.
The city council agrees and creates a bond type item for that and your
company gets a check for the total amount times number of properties.
Then you work with the developer to install all of the necessary stuff for
internet, which is fiber in my case.
And the new property owner has your service available from the get go,
maybe with free install, and a $150 a year discount on the service for 20
years.
Anyone done anything like this?
