HomeMy WebLinkAbout970927.docxDECISION MEMORANDUM
TO:COMMISSIONER NELSON
COMMISSIONER SMITH
COMMISSIONER HANSEN
MYRNA WALTERS
DON HOWELL
STEPHANIE MILLER
DAVE SCHUNKE
SCOTT WOODBURY
SUSAN HAMLIN
GARY RICHARDSON
TONYA CLARK
BEV BARKER
WORKING FILE
FROM:TERRI CARLOCK
DATE:SEPTEMBER 27, 1996
RE:ROCKLAND TELEPHONE COMPANY FINANCING FOR PURCHASE FROM U S WEST, CASE NO. ROK-T-94-1
RECOMMEND: APPROVAL
Rockland Telephone Company has filed supplemental information related to the financing for the purchase of the U S WEST exchange of Paris. The purchase price has been reduced by the switch replacement contribution so the ultimate financing is also reduced. The proposed closing date is October 17, 1996. The maturity for the loan would be 15 years with the interest rate to be determined at the time of closing. The term sheet for Rockland Telephone Company is attached showing Rural Telephone Finance Cooperative (RTFC) as the lender, net purchase price, loan amount, construction loan, interest rate options and other terms.
STAFF RECOMMENDATION
Staff recommends approval of the proposed loan to purchase the exchange.
COMMISSION DECISION
Should the loan authority be approved for the purchase of the exchange?
Terri Carlock
TC:udmemos/dmrokt941.tc