COLDWATER, MI (WTVB) – The Coldwater Board of Public Utilities has announced that a 1998 Telecom Bond has been paid off.
The last payment took place August 1, 2017 and the bond debt has been cleared.
After getting permission from community members, the City of Coldwater issued $4.5 million in revenue bonds.
The fund were used to build a new Hybrid Fiber Coaxial network for the city. A news release from the city stated it provided a competitive cable TV service, high speed internet service, data transport services and a competitive dial tone for local voice service.
With the bond paid off, officials say improvements can be made towards their telecom infrastructure. Planned improvements include faster internet service and an upgraded cable system.
