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13 <br /> 1 Slide #5 <br /> HOME spent almost $547,000 in FY24-25, <br /> compared to $137,000 in previous year <br /> Rental construction & <br /> $102,024.82 $94,939.60 Homebuyer Assistance <br /> off 7=17M $0 $0 <br /> $50,000.00 $88,250.00 Rental construction <br /> • r i $0 $0 <br /> $101,788.00 $25,447.00 Tenant-Based Rental <br /> Assistance <br /> Total Funds $321,337.04 $225,517.66 <br /> Expended <br /> a-)ORANGECOUNTY <br /> HOUSING DEPARTMENT <br /> 2 <br /> 3 A motion was made by Vice-Chair Hamilton, seconded by Commissioner McKee, to <br /> 4 open the public hearing. <br /> 5 <br /> 6 VOTE: UNANIMOUS <br /> 7 <br /> 8 PUBLIC COMMENTS: <br /> 9 There were no comments. <br /> 10 <br /> 11 A motion was made by Commissioner McKee, seconded by Vice-Chair Hamilton, to <br /> 12 close the public hearing. <br /> 13 <br /> 14 VOTE: UNANIMOUS <br /> 15 <br /> 16 6. Regular Agenda <br /> 17 a. Amendment to the Network Development Agreement for Broadband Deployment with <br /> 18 Lumos to Extend the Project Deadlines and Revise Passings <br /> 19 The Board approved an amendment to the 2022 Lumos contract that would adjust both the <br /> 20 scope and timeline of the existing broadband expansion agreement. The total number of <br /> 21 broadband passings will be reduced from 6,370 to 5,852. In alignment with this change, the <br /> 22 completion deadline for all revised passings will be extended to July 1, 2026. The disbursement <br /> 23 schedule will also be updated to reflect the new project scope. The amount Lumos would be <br /> 24 paid in total is $5.2 million over three installments: $2.6 million at the first milestone of 199 <br /> 25 homes, $1.3 million at the second milestone of 111 homes, and $1.3 million at the third <br /> 26 milestone of 355 homes, for a total of 665 homes. These milestones will result in a total of 5,852 <br /> 27 locations passed — approximately 92% of the 6,370 locations in the original contract. Under the <br /> 28 revised disbursement schedule, the first payment is disproportionately larger to account for <br /> 29 2,187 homes that Lumos has completed since passing the initial 3,000 homes. The amendment <br />