Funding for FD Fiber on council agenda
The Fort Dodge City Council will meet at 6 p.m. today in the Municipal Building, 819 First Ave. S.
During that meeting, the elected officials will consider setting up a loan in which Fort Dodge Fiber, the city’s municipal broadband utility now under construction, would borrow about $3.2 million from the city’s sewer fund. That money would cover construction cost shortfalls.
Fort Dodge Fiber would have to pay that money back by 2029.
Also on the agenda is an agreement with the Iowa Department of Transportation in which the city will receive a grant to help pay for adding a turn lane in front of the Nestle Purina PetCare plant at 2400 Fifth Ave. S.