The city of Waterloo overwhelmingly said yes Tuesday night to the sale of $20 million in general obligation bonds to pay for the new fiber optic communications broadband system project. The vote was 2,220 yes to 414 no, for an 84 to 15 percent vote margin.
That’s Waterloo Mayor Quentin Hart, who says this has been a long time coming.
Next up for the city will be to send out for bids on both the fiber backbone construction and the fiber to the premises. The total project cost is estimated at around $115 million. Hart expressed his appreciation to those involved in getting the project rolling.
Construction on the Waterloo fiber optic system is expected to begin in the spring and will be similar to Cedar Falls Utilities, as far as services to be offered.