The MI-Connection Communications System board of directors and the town boards of Davidson and Mooresville will hold a special joint public meeting Monday night, Aug. 16, to review the system’s history, outlook, and planned community marketing efforts. The meeting is open to the public and begins at 6 p.m. at Mooresville Town Hall, 413 N. Main St., Mooresville.

The meeting comes on the heels of a preliminary year-end financial report that showed the company, owned by Mooresville and Davidson, lost $6.8 million in the 2009-10 fiscal year, 5.7 percent more than the year before. Debt payments are the main reason for the loss. But operating profits – a measure of how the system is doing to meet day-to-day expenses – were up 303 percent, to $1.26 million.

Read more in our Aug. 10 news report, “MI-Connection, town boards invite public to meeting”.