by Ryan Dionne
rdionne@bcbr.com

LONGMONT - After seizing DHB Networks Ltd's wireless Internet infrastructure in Longmont for back taxes owed by the company and its predecessor, Boulder County on Thursday sold the property for about $122,000 to recoup lost taxes.

Nicolae Toderica, the sole bidder in the public auction, purchased DHB's assets for the minimum bid price of $121,770. Toderica, a RidgeviewTel LLC investor, hired the broadband development company to manage the citywide wireless Internet network in Longmont.

Vince Jordan, Longmont-based RidgeviewTel's president and chief executive officer, said his company will manage the network, provide customer support, upgrade the system, bill customers and treat the network as its own. The network will carry the RidgeviewTel brand.

As part of the three-year contract, Toderica will pay RidgeviewTel a flat fee for providing the services. After three years the contract can be renewed on a year-to-year basis.

Toderica bought the DHB assets after the Dublin, Ohio-based company failed to pay roughly $121,000 in taxes, rent and utilities both to the city of Longmont and Boulder County, said Boulder County Treasurer Bob Hullinghorst.