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13 <br /> 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 /> $0 $0 <br /> $50,000.00 $88,250.00 Rental Construction <br /> 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 /> n ORANGE COUNTY <br /> © HOUSING DEPARTMENT <br /> A motion was made by Vice-Chair Hamilton, seconded by Commissioner McKee, to open <br /> the public hearing. <br /> VOTE: UNANIMOUS <br /> PUBLIC COMMENTS: <br /> There were no comments. <br /> A motion was made by Commissioner McKee, seconded by Vice-Chair Hamilton, to close <br /> the public hearing. <br /> VOTE: UNANIMOUS <br /> 6. Regular Agenda <br /> a. Amendment to the Network Development Agreement for Broadband Deployment with <br /> Lumos to Extend the Project Deadlines and Revise Passings <br /> The Board approved an amendment to the 2022 Lumos contract that would adjust both the scope <br /> and timeline of the existing broadband expansion agreement. The total number of broadband <br /> passings will be reduced from 6,370 to 5,852. In alignment with this change, the completion <br /> deadline for all revised passings will be extended to July 1, 2026. The disbursement schedule will <br /> also be updated to reflect the new project scope. The amount Lumos would be paid in total is $5.2 <br /> million over three installments: $2.6 million at the first milestone of 199 homes, $1.3 million at the <br /> second milestone of 111 homes, and $1.3 million at the third milestone of 355 homes, for a total <br /> of 665 homes. These milestones will result in a total of 5,852 locations passed — approximately <br /> 92% of the 6,370 locations in the original contract. Under the revised disbursement schedule, the <br /> first payment is disproportionately larger to account for 2,187 homes that Lumos has completed <br /> since passing the initial 3,000 homes. The amendment also revises the payment terms to 15 days <br /> instead of 30 days after work is completed. The disbursement schedule is subject to change. <br />