BURLINGTON, Vt. (AP) — Officials in Burlington have postponed a vote to select a buyer for the city’s ailing Burlington Telecom utility.
The Burlington Free Press reports the Burlington City Council decided during a public meeting Monday night to postpone the final vote until next week. The Toronto-based telecom company Ting and Keep Burlington Telecom Local, a co-op, are the two finalists.
Citibank has threatened legal action against the city if it selects Keep Burlington Telecom Local as a buyer. Under a settlement from a 2014 lawsuit, Citibank is slated to receive a portion of the sale.
Councilor Max Tracy says he believes the settlement doesn’t require the city to pick the highest bidder.
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Mayor Miro Weinberger has lent vocal support for Ting’s bid.
Information from: The Burlington Free Press, http://www.burlingtonfreepress.com