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060-22 (AuthorizeFiscalAgentAgreementAllPointsBroadbandVATIGrantProject) RESOLUTION A RESOLUTION TO AUTHORIZE A FISCAL AGENT AGREEMENT WITH THE NORTHERN SHENANDOAH VALLEY REGIONAL COMMISSION FOR THE ALL POINTS BROADBAND VATI GRANT PROJECT WHEREAS,All Points Broadband presented a conceptual project proposal to the Frederick County Board of Supervisors at their July 14, 2021, Work Session. The project proposed wired fiber optic services to unserved/underserved homes in Frederick County as part of a program authorized by the Commonwealth of Virginia that allows wired access in partnership with electrical utility companies including Dominion Energy power, Rappahannock Electrical Cooperative, and Northern Virginia Electrical Cooperative; and WHEREAS, the Frederick County Board of Supervisors approved an application at their September 8, 2021, meeting for a Virginia Telecommunications Initiative Grant (VATI) in partnership with the Northern Shenandoah Valley Regional Commission (NSVRC), and several other regional localities, to support the expansion of fiber to the home broadband services within our unserved/underserved areas; and WHEREAS, the County, NSVRC, and All Points Broadband received notice of the grant award in December 2021, with an acknowledgernent by the Virginia Department of Housing and Community Development (DHCD) of contract initiation in the beginning of calendar year 2022; and WHEREAS, DHCD requires a fiscal agent agreement amongst NSVRC and the participating localities as part of the pre-contract activities that outlines the policies and procedures relative to the funding and allocation of local match during the project duration based on specific project reporting and milestones; THEREFORE,BE IT RESOLVED by the Frederick County Board of Supervisors this 27`r' day of April 2022, That the Board hereby authorizes all actions necessary and acceptable to the County Attorney and County Administrator to execute a Fiscal Agent Agreement for the All Points VATI grant project.. Charles S. DeHaven, Jr., Chairman Aye Shawn L. Graber Aye J. Douglas McCarthy Aye Robert W. Wells Aye Josh Ludwig Aye Judith McCann-Slaughter Aye Blaine P. Dunn Aye A COPY ATTEST Michael L. Bollhoefer Frederick County Administrator Res.No. 060-22 41%- _r co 4w �a COUNTY OF FREDERICK i L74 �d Information Technologies Scott Varner, Director of Information Technology g f7,38 svamer@fcva.us t� Voice 540.722.8261 MEMO To: Frederick County Board of Supervisors From: Scott Varner, Director of Information Technology Subject: Execution of Fiscal Agent Agreement for Regional Broadband Services Date: April 19, 2022 In December 2021,Frederick County as part of the Northern Shenandoah Valley Regional Commission (NSVRC) for the All Points Broadband Virginia Telecommunication Initiative (VATI) Grant project was awarded funding for the expansion of broadband. As part of the process to go under contract with the Virginia Department of Housing and Community Development(DHCD), state administering agency for the VATI grant program,NSVRC and the participant localities are required to approve to sets of agreements. These agreements including the DHCD grant agreement and a fiscal agent agreement or memorandum of understanding between NSVRC and the localities. The NSVRC and localities anticipate formal contract authorization by May 5,2022. As such, all required agreements must be approved and ratified by related parties prior to this date. The fiscal agent agreement outlines the policies and procedures related to the NSVRC act as fiscal agent and grantee on the behalf of the project localities,while ensuring the necessary cash flows for the project. As such, it is anticipated that payments for the project will include a 20%match payment upfront by July 1, 2022; followed by eight quarterly payments equal to 10% of the match for the remainder of the project term. The contract between NSVRC and All Points Broadband specifies a 36 month project timeline from contract signing. The attached resolution approves the agreement in draft form,with ability for County Attorney and the County Administrator to approve minor modifications as necessary. Sincerely, scatt vam4r Scott Varner County of Frederick Director of Information Technology 107 North Kent Street,Winchester,Virginia 22601-5039 FISCAL AGENT AGREEMENT This Fiscal Agent Agreement(this"Agreement")is entered into as of the date last set forth below by and between the Northern Shenandoah Valley Regional Commission ("NSRVC") and Augusta County,Virginia; Clarke County,Virginia;Fauquier County,Virginia;Frederick County, Virginia;Page County,Virginia; Rappahannock County,Virginia; Rockingham County,Virginia; and Warren County,Virginia(each, a"Participating County," and, collectively,the"Participating Counties"). NSVRC and the Participating Counties are each a "Pqm" and are, collectively, the "Parties." WHEREAS, the Parties, in coordination with APB Partners Valley, LLC ("APB") and its affiliates, have collaborated on the development of a regional broadband plan pursuant to which APB will be constructing a last-mile broadband network within the Participating Counties; WHEREAS, NSVRC and APB are designated by the Participating Counties as the Applicant and Co-Applicant, respectively, for Application ID 86508092021134115 (the "VATI Application") to the Virginia Telecommunications Initiative ("VATI") program, administered by the Virginia Department of Housing and Community Development("DHCD"), and the project set forth in the VATI Application (the "VATI Project") has been awarded $96,873,500 in grant funding from DHCD (the "VATI Award"); WHEREAS,the Participating Counties have committed to provide APB with an aggregate of$62,450,000 in local contributions designated as match for the VATI Project(the"Count Match"), as set forth in more detail in Exhibit A; and WHEREAS, the Participating Counties wish to designate NSVRC to serve as their administrative/fiscal agent and administrator for the VATI Project. NOW, THEREFORE, in consideration of the mutual covenants, terms, and conditions set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,the Parties agree as follows. 1. Fiscal Agent. NSVRC will act as fiscal agent for the VATI Project and maintain accurate records of the financial expenditures of the VATI Award and the County VATI Match, including, but not limited to financial reports, monthly funding draws, submission of APB expenditures and invoices to DHCD, and documentation of matching funds. 2. ARPA Obligations. NSVRC will provide reporting and documentation to the Participating Counties, in a manner consistent with guidelines provided by DHCD for reporting on ARPA compliance to DHCD, so that the Participating Counties may document compliance with ARPA rules and regulations. 1 3. VATI Grant Mana eg ment. NSVRC will provide overall grant management of the VATI Project and provide coordination and administration of the VATI Project by working as a liaison between the Participating Counties, APB and DHCD. 4. Construction and Implementation of Broadband Services. NSVRC will oversee APB's construction of the VATI Project in the manner set forth in the VATI Application. All facilities constructed by APB will be owned by APB and the Participating Counties shall have no obligation for ongoing maintenance related thereto. 5. Collection, Invoicingof f Expenses and Payment of the County VATI Match. a. NSVRC will collect each Participating County's share of the County VATI Match from such Participating County as set forth herein. On or before July 1, 2022, each Participating County shall make an initial payment to NSVRC equal to 20% of such Participating County's share of the County VATI Match specified on Exhibit A. On or before October 1, 2022, and on or before the first day of each succeeding calendar quarter thereafter (January 1, April 1, July 1, and October 1), each Participating County shall make a quarterly installment payment to NSVRC equal to 10% of such Participating County's share of the County VATI Match with the ninth and final payment due on or before July 1,2024. Any Participating County that fails to make a payment in a timely manner shall be responsible any resulting damages suffered by NSVRC. All payments by the Participating Counties to NSVRC shall be made in the manner specified by NSVRC, which manner of payment may be changed from time to time in NSVRC's sole discretion. b. Payments made by NSVRC to APB from the VATI Award and the County VATI Match will be governed by (i) a Grant Administration Agreement between NSVRC and APB, and (ii) an agreement between DHCD and NSVRC relating to the VATI Award and VATI Project. NSVRC expects that the payment procedures established by those agreements will be roughly consistent with those outlined herein. Once work on the VATI Project commences, APB will submit invoices for VATI Project expenses to NSVRC on a monthly basis, which invoices shall provide a breakdown of APB's reimbursable expenses consistent with DHCD guidelines and procedures. APB will submit the invoice for any given month to NSVRC no later than the business day before the date on which NSVRC is required to submit its corresponding monthly report to DHCD. NSVRC will, in turn, submit such invoice to DHCD and request reimbursement for such expenses against the VATI Award,which reimbursement from DHCD shall be payable to NSVRC. With respect to any monthly invoice submission by APB, NSVRC will pay to APB the VATI- reimbursable and Participating County-reimbursable portion of such invoiced expenses within seven calendar days of receiving the VATI-reimbursable portion of the invoice from DHCD. DHCD's determinations concerning the reimbursement of expenses invoiced by APB will be final and binding upon NSVRC and the Participating Counties. 2 6. Monthly Reports Regarding the County VATI Match. Within 10 calendar days of the date on which NSVRC makes any payment to APB from the County VATI Match in accordance with Section 4 above,NSVRC will provide each applicable Participating County with a report (a) detailing the APB expenses being reimbursed by NSVRC from the County VATI Match attributable to such Participating County, (b)reporting APB's progress against established project milestones for the VATI Project as approved by DHCD and (c) providing an updated balance of the County VATI Match funds of such Participating County being held by NSVRC. 7. Notices. Any notice under this Agreement will be made to the Parties at their respective addresses set forth below. Any Party may change its address upon 10 days' written notice to the other Parry. Northern Shenandoah Valley Regional Commission Attn: Brandon Davis, Executive Director 400 Kendrick Lane Front Royal,Virginia 22630 With a copy by email to bdavisgnsvre ig on.org. If to a Participating County, to the address specified on such Participating County's signature page to this Agreement. 8. Miscellaneous. a. This Agreement is governed by and construed in accordance with the laws of the Commonwealth of Virginia, without regard to the conflict of laws provisions of such Commonwealth. b. This Agreement shall inure to the benefit of and be binding upon each of the Parties and each of their respective successors and assigns. C. If any provision of this Agreement is declared invalid by a court of competent jurisdiction, the remainder of the Agreement shall remain in full force and effect. d. The headings in this Agreement are for reference only and do not affect the interpretation of this Agreement. e. This Agreement may be executed in counterparts, each of which is deemed an original, but all of which constitute one and the same agreement. Delivery of an executed counterpart of this Agreement electronically (including by DocuSign or similar electronic 3 signature software)or by facsimile shall be effective as delivery of an original executed counterpart of this Agreement. f. This Agreement constitutes the entire agreement between the Parties with respect to the subject matter contained herein, and supersedes all prior and contemporaneous understandings, agreements,representations, and warranties,both written and oral,with respect to such subject matter.For the purpose of clarification,this Agreement does not supersede that certain Memorandum of Understanding, effective as of June 30, 2021, by and between Virginia Electric and Power Company dba Dominion Energy Virginia, All Points Broadband Partners, LLC, Shenandoah Valley Electric Cooperative, and the Participating Counties. [Remainder of page intentionally left blank.] 4 IN WITNESS WHEREOF, the parties hereto have executed this Fiscal Agent Agreement as of the date last set forth below. NORTHERN SHENANDOAH VALLEY REGIONAL COMNIISSION By: Name: Brandon Davis Its: Executive Director Date: [Signature Page to Fiscal Agent Agreement] IN WITNESS WHEREOF,the parties hereto have executed this Fiscal Agent Agreement as of the date last set forth below. AUGUSTA COUNTY,VIRGINIA By: Name: Its: Date: Address: [Signature Page to Fiscal Agent Agreement] IN WITNESS WHEREOF,the parties hereto have executed this Fiscal Agent Agreement as of the date last set forth below. CLARKE COUNTY,VIRGINIA By: Name: Its: Date: Address: [Signature Page to Fiscal Agent Agreement] IN WITNESS WHEREOF,the parties hereto have executed this Fiscal Agent Agreement as of the date last set forth below. FAUQUIER COUNTY,VIRGINIA By: Name: Its: Date: Address: it [Signature Page to Fiscal Agent Agreement] IN WITNESS WHEREOF,the parties hereto have executed this Fiscal Agent Agreement as of the date last set forth below. FREDERICK COUNTY,VIRGINIA By: Name: Its: Date: Address: [Signature Page to Fiscal Agent Agreement] IN WITNESS WHEREOF,the parties hereto have executed this Fiscal Agent Agreement as of the date last set forth below. PAGE COUNTY,VIRGINIA By: Name: Its: Date: Address: [Signature Page to Fiscal Agent Agreement] IN WITNESS WHEREOF,the parties hereto have executed this Fiscal Agent Agreement as of the date last set forth below. RAPPAHANNOCK COUNTY,VIRGINIA By: Name: Its: Date: Address: [Signature Page to Fiscal Agent Agreement] IN WITNESS WHEREOF,the parties hereto have executed this Fiscal Agent Agreement as of the date last set forth below. ROCKINGHAM COUNTY,VIRGINIA By: Name: Its: Date: Address: [Signature Page to Fiscal Agent Agreement] IN WITNESS WHEREOF,the parties hereto have executed this Fiscal Agent Agreement as of the date last set forth below. WARREN COUNTY,VIRGINIA By: Name: Its: Date: Address: ®® [Signature Page to Fiscal Agent Agreement] EXHIBIT A County VATI Match for each Participating County Participating County County VATI Match Augusta County $8,400,000 Clarke County $5,400,000 Fau uier County $10,500,000 Frederick County $8,650,000 Page County $7,800,000 Rappahannock County $5,900,000 Rockingham County $8,900,000 Warren County $6,900,000 Total $62,450,000