He Rancho Santa Fe Association board reached an important milestone for its Rancho Santa Fe Connect project at a special board meeting held July 30, selecting a contractor to build its fiber-optic network and planning to break ground in August.
At the meeting, the board also finalized the budget and financing, approving a $15 million contract with contractor HP Communications, bringing the total cost of the project to $19 million. The cost is $5 million more than the preliminary estimate of $14 million that was voted on in last year’s advisory vote.
The Association will pay for the construction and own the fiber-optic backbone while individual homeowners will be responsible for connecting their homes to the network. The internet service provider, Race Communications, will own and operate the electronics in the central office located on the RSF Golf Club property, install modems and provide service for customers.
Read the full article here.