warning: file_exists(): open_basedir restriction in effect. File(/var/www/vhosts/glencoenews.com/httpdocs/../ad_/ad_cache_.inc) is not within the allowed path(s): (/var/www/vhosts/glencoenews.com/httpdocs/:/tmp/) in /var/www/vhosts/glencoenews.com/httpdocs/sites/all/modules/ad/adserve.inc on line 160.

Stewart council hears from RS Fiber board, HBC representatives about shortfall

The Stewart City Council sat with representatives from RS Fiber Cooperative and Hiawatha Broadband Company (HBC) to discuss the financial impacts facing the city due to a shortfall in funding.
RS Fiber has been the topic of tumultuous conversation in Stewart and Brownton — the only two out of 10 member cities located in McLeod County. The RS Fiber board recently transitioned its funding from private investors to HBC, the company it partnered with to get high-quality, reliable internet, TV and telephone services to rural communities.
When the board didn’t have its expected financial package come to fruition, including grant money from the state that didn’t materialize, RS Fiber notified its member cities they would have to replenish the debt service, making payments in place of absent funding. The cooperative notified its city councils in enough time to raise property tax levies to fulfill the cities’ monetary obligations.

(For the complete story, see the July 10 print edition of The Chronicle.)