Deployment Schedule The Commission expects Inyo Networks to complete the project within 24 months from start date (as determined by the procedure below). If the applicant is unable to complete the proposed project within the 24-month timeframe requirement, it must notify the Director of the Communications Division as soon as Inyo Networks becomes aware of this possibility. If such notice is not provided, the Commission reserves its right to reduce payment for failure to satisfy this requirement. The Commission also expects Inyo Networks to meet its commitments to complete the project according to the abbreviated timeline it has submitted. Execution and Performance Staff and Inyo Networks shall determine a project start date after the CASF grant recipient has obtained all approvals. Should Inyo Networks or any contractor it retains fail to commence work by the designated date, notice to Inyo Networks, the Commission may upon five days’ written terminate the grant. In the event that Inyo Networks fails to complete the project in accordance with the terms of CPUC approval as set forth in this Resolution, Inyo Networks shall reimburse some or all of the CASF funds that it has received. Inyo Networks must complete all construction covered by the grant on or before the date. grant’s termination Performance Bond The Commission does not require a performance bond if the applicant certifies that the percentage of the total project costs it is providing comes from their capital budget and is not obtained from outside financing. In its application, Inyo Networks certified, and Staff verified, that the percentage of the total project costs it is providing will come from its existing capital budget. Therefore, a performance bond is not required for this project. Price Commitment Period The minimum required price commitment period for broadband service to all households within the project area is two years. Inyo Networks guarantees the price of service offered in the project area for two years starting from the proposed completion date. project’s Project Audit The Commission has the right to conduct any necessary audit, verification, and discovery during project implementation/construction to ensure that CASF funds are spent in accordance with Commission approval. Inyo invoices will be subject to a financial audit by the Commission at any time Networks’ within three years of completion of the work.
Deployment Schedule The Commission expects Inyo Networks to complete the project within 24 months from start date (as determined by the procedure below). If the applicant is unable to complete the proposed project within the 24-month timeframe requirement, it must notify the Director of the Communications Division as soon as Inyo Networks becomes aware of this possibility. If such notice is not provided, the Commission reserves its right to reduce payment for failure to satisfy this requirement. The Commission also expects Inyo Networks to meet its commitments to complete the project according to the abbreviated timeline it has submitted. Execution and Performance Staff and Inyo Networks shall determine a project start date after the CASF grant recipient has obtained all approvals. Should Inyo Networks or any contractor it retains fail to commence work by the designated date, upon five days’ written notice to Inyo Networks, the Commission may terminate the grant. In the event that Inyo Networks fails to complete the project in accordance with the terms of CPUC approval as set forth in this Resolution, Inyo Networks shall reimburse some or all of the CASF funds that it has received. Inyo Networks must complete all construction covered by the grant on or before the grant’s termination date. Performance Bond The Commission does not require a performance bond if the applicant certifies that the percentage of the total project costs it is providing comes from their capital budget and is not obtained from outside financing. In its application, Inyo Networks certified, and Staff verified, that the percentage of the total project costs it is providing will come from its existing capital budget. Therefore, a performance bond is not required for this project. Price Commitment Period The minimum required price commitment period for broadband service to all households within the project area is two years. Inyo Networks guarantees the price of service offered in the project area for two years starting from the proposed project’s completion date. Project Audit The Commission has the right to conduct any necessary audit, verification, and discovery during project implementation/construction to ensure that CASF funds are spent in accordance with Commission approval. Inyo Networks’ invoices will be subject to a financial audit by the Commission at any time within three years of completion of the work.
214589579.docx