By Michael Naab
May 09, 2009
On May 15, 2008, the City Council
directed the City Manager to execute a brokerage services agreement
with Falkenberg Capital Corporation. This agreement contains
two phases, each requiring separate Council
Only Phase 1, the Initial Evaluation Phase, was authorized by the Council. It called for thorough examination and analysis of the financial and operating performance, regulatory environment, competitive situation, etc., relating to the Telecommunications Division; development of a series of possible courses of action for the utility; and recommendation of a particular course to follow.
On September 3, 2008, Falkenberg delivered its report, which recommended sale of the Telecommunications Division, to the Council. On September 30, an abbreviated version of the report, minus financial information that could give advantage to competitors or potential buyers, was released to the public and the press. The report can be found on the Home Page of the City's website, www.city.ketchikan.ak.us.
The City Council has not yet discussed in detail, nor has it taken any action on, Falkenberg's recommendation to sell the Telecommunications Division. A special, public meeting of the Council for that purpose has been tentatively scheduled for Tuesday, May 19th, at 7:00 p.m. Persons who are interested in this issue should plan to attend
If the Council decides not
to pursue a sale, then the issue will be dead. If the Council
favors a sale, the issue will be put before the voters of the
City of Ketchikan in a ballot measure. Even if the Council takes
That's hardly a done deal.
Received May 08, 2008 - Published May 09, 2009
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