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28 <br /> 1 Slide #2 <br /> 2 y <br /> IProject Details at a Glance <br /> • County funded public-private partnership with a$10 million " �` y <br /> American Rescue Plan Act(ARPA)grant began in Apri12022 <br /> • <br /> Project goat istoconneet6,370unserved/underserved <br /> addresses in the County.Payments of grantfunds to Lumas <br /> are based on performance <br /> • Lumos paid$1 million upon contact approval <br /> • First benchmark of passing 3,000 homes achieved and iF. <br /> Lumos paid$3 million as per contract A � 1 <br /> • Final benchmark payment of$6 mitlion is contingenton <br /> Lumos passing all 6,370 homes as detailed in the <br /> agreement.The original deadline to serve these homes was <br /> December 31,2024 <br /> • Delays experienced in the spring have pushed final project <br /> completion into 2025. The proposed amendment <br /> establishes a new deadline of Decamber3l,2025,to serve <br /> all homes identified in the original agreement. <br /> � w <br /> r •� <br /> 3 .. _ <br /> %IIhN5.I ARM,4 <br /> 5 Slide #3 <br /> 6 <br /> Project Progress - <br /> (cam �l <br /> Lumos hes instalted407.5 3,236 previously unserved and The project continues... <br /> route miles of fiber in Orange underserved homes now Additi...i900unserved <br /> County connected -., <br /> homes lay December 2024 <br /> • Additional750 homes in <br /> first quarter of 2025 <br /> • <br /> Final 1.434contracted i <br /> homes upon suocessfut <br /> project camptemn in <br /> December 2025 <br /> 7 <br /> 8 Robert Reynolds said the project continues as they try to find solutions to address the <br /> 9 remaining unserved homes, and they have a goal of final completion by December 2025. <br /> 10 <br />