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Action Alert: Burlington City Council to Finalize BT Sale on 11/17

The City Council is scheduled to finalize the “sale-leaseback” of Burlington Telecom to Bluewater Holdings. This agreement was approved by the Vermont Public Service Board in late October. The sale of BT to Bluewater Holdings enables Burlington to generate $6 million of the $10 million settlement agreement reached with Citibank to resolve the City's $33 million loan default of 2009. 

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