County staff raise concerns about Bug Tussel’s finances, $16.5M bond liability and $40M BEAD match request
County Administrator Richard Heath told the committee that Bug Tussel’s 2022 $16.5 million bond remains a county liability and that the company has requested another $40 million to match BEAD funds; the company’s audit flagged tenuous financial standing, prompting coordination with other counties and counsel.
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County Administrator Richard Heath updated the Administration Committee on the county’s ongoing relationship with Bug Tussel, the private broadband partner contracted to build out emergency communications infrastructure. Heath said the county-backed $16.5 million bond issued in 2022 remains a liability on the county’s books and that Bug Tussel has requested an additional $40 million to match a Broadband Equity, Access, and Deployment (BEAD) grant.
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