| reply to JTRockville
Re: How about some common sense... For the first Tri-City referendum in April 2003, the cities put the question on the ballots and the idea was to use G.O. Bonds. The length of the loan (or terms of the bond repayment) was around 15-17 years.
The second referendum was put on the ballots by the citizen group Fiber For Our Future (residents of Batavia, Geneva and St. Charles, IL). The question in this referendum prohibited the cities from using any tax-backed financing to build and run the broadband utility. Revenue bonds could've been used or private financing (private investors)were going to be found. The length of time for paying back the financed money would've depended on the negotiated timetable between the cities (non-profit utility) and the private investors.
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