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Fiber Optics Committee discusses funding options

Fiber Optics Committee discusses funding options 

Members of the newly appointed Fiber Optics Committee, composed of mayors and city aldermen from all Weakley County municipalities, met for the first time Thursday night at the Opera House Restaurant in Martin.

Discussion centered on possible options for funding a proposed agreement with West Kentucky and Tennessee Telecommunications Cooperative (WK&T), to bring high-speed fiber-based internet service to every home and business in Weakley County. 

Two separate options that would require municipalities and Weakley County to divide the costs, based on population. However, the municipal representatives were not in favor of either of these plans. 

One proposal put forth during the meeting for funding the project more equitably throughout the county was submitted by Dresden Alderman Gwin Anderson. His proposal was to put a set monthly fee on each electric meter in the county equal to a sum necessary over twelve months to service the entire $1.2 million annual bond payment. Anderson estimated that fee would be approximately $6 per month based upon an estimated 15,000 electric meters in Weakley County.

Questions arose about whether WCMES would be willing to collect the fee and the consequences for electric company customers for not paying the fee.  The group agreed to meet again soon after some additional research is done on funding proposals.

(See complete story in the April 27th issue of the Dresden Enterprise.)

 
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