CDA Signals Non-Renewal of Spectrum Bulk Contract

$124,171.75 buyout; approximately $35,000 annual loss; resident fee increase from $45 to $60/month proposed

UTILITIES

Existing three-year contract expiring August 30, 2027; proposed three-year renewal through 2030 with 5% annual increase beginning in 2028

2030-08-30

Existing three-year term expires August 30, 2027 with a 90-day termination notice requirement. Spectrum has offered a three-year renewal through 2030 with a 5% annual rate increase starting in 2028; the CDA plans to increase resident fees from $45 to $60 for the remaining year while evaluating options. Final renewal decision will be made by the Executive Committee before the July 15, 2026 decision deadline.

Minutes