In a near-unanimous vote, the Burlington City Council early this morning approved a measure to allow Burlington Telecom to expand its services beyond the Queen City in an effort to make the fledgling telecom company viable.
As part of the resolution, the council said it supports BT's effort to seek a waiver from a condition in its certificate of public good (CPG) issued by the Vermont Public Service Board. The condition requires BT repay the city any borrowed money within 60 days.
As part of its approval, however, the council asked the city's Board of Finance to review Burlington Telecom's (BT) current financing and how much it owes the city's pooled cash program. The board must report back to the city council no later than Nov. 16.