State of Illinois Funding Commitment
Sent: Monday, March 22, 2010 3:38 PM
To: Charles Wu
Subject: Re: Your Illinois State Financial Assistance Application
Dear Mr. Charles Wu,
Governor Quinn recognizes the need to bring world class broadband to every community. The Illinois Department of Commerce and Economic Opportunity (DCEO) is pleased to commit $700,000 for the Convergence Technologies, Inc. “CTI Rural Open Access WiMAX Network” Broadband Initiatives Program (BIP) project based on the following conditions.
- State funding is contingent upon your federal application being approved and the execution of a grant agreement with DCEO. Please note that this commitment letter does not constitute an enforceable agreement and does not confer any property, equitable or legal rights.
- State funding commitments are valid for projects that are awarded federal funding under the January 15, 2010 Notice of Funding Availability for the Broadband Initiatives Program (application due March 29, 2010).
- State financial commitments will be made based on the information provided in the state application. Any significant change to the project scope of work and budget must be agreed upon by DCEO for the state funding commitment to remain valid.
- Upon the approval of the federal broadband proposal, please contact DCEO regarding a state grant agreement that will include the project scope of work and budget.
- The issuance of state matching funds is contingent on the cash available in the Build Illinois Bond Fund and valid state appropriations.
- This award is also contingent upon the project expenses being approved as bondable by the Governor’s Office of Management and Budget.
- Collaboration among other BTOP and BIP projects is encouraged.
- If you are submitting your federal BIP application with less than 30% outside (non-federal) funding, please notify us as soon as possible.
Please contact Mark Pradun at if you have any questions.