HomeMy WebLinkAboutAgenda Report - February 20, 2002 E-10AGENDA TITLE: Adopt resolution authorizing the City Manager to appropriate funds for the Streetlight
Completion Project in the amount of $125,000 (EUD)
MEETING DATE: February 20, 2002
SUBMITTED BY: Electric Utility Director
RECOMMENDED ACTION: That the City Council adopt the attached resolution authorizing the City
Manager to appropriate funds for the Streetlight Completion Project in the
amount of $125,000.
BACKGROUND INFORMATION: One of the City's goals is to provide streetlighting in unlit portions of the City.
This project, known as the Streetlight Completion Project, is estimated to
install 1000 —1200 lights over a period of 3 — 5 years at a cost of $ 3.5 — 4
million. The funding source for this project is the Certificates of Participation. As the project progresses funds are
appropriated from this source into the assigned Business Unit. The City Council has in the past authorized
appropriations of $200,000 on August 16, 2000 and $550,000 on March 21, 2001 for Phase I and II, respectively, and
for other qualifying streetlighting projects. In order to proceed with the project i.e. continue the design and easement
acquisitions for Phase III, and fund already incurred expenses such as streetlighting on Stockton and Elm Streets, it is
necessary to appropriate funds, in the amount of $125,000, at this time.
FUNDING:
Funding Approval:
PREPARED BY:
ANV/HH/Ist
C: City Attorney
Finance Director
Electric System Revenue Certificates of Participation.
Vickie McAthie, Finance Director
Alan N. Vallow
Electric Utility Director
Hans Hansen, Manager, Engineering and Operations
APPROVED:
H. ixo Flynn - City Itanager
RESOLUTION NO. 2002-43
A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE
CITY MANAGER TO APPROPRIATE FUNDS FOR THE STREETLIGHT
COMPLETION PROJECT FROM THE ELECTRIC SYSTEM REVENUE
CERTIFICATES OF PARTICIPATION
WHEREAS, one of the City's goals is to provide street lighting in unit portions of the
City; and
WHEREAS, this project is known as the Streetlight Completion Project, and is estimated
to install 1,000 — 1,200 lights over a period of 3-5 years at a cost of $3.5 — $4 million; and
WHEREAS, the funding source for this project is the Electric System Revenue
Certificates of Participation; and
WHEREAS, as the project progresses funds are appropriated from this source into the
assigned Business Unit. The City Council in the past has authorized appropriations of
$200,000 on August 16, 2000, and $550,000 on March 21, 2001 for Phase I and II, and for
other qualifying street lighting projects; and
WHEREAS, in order to proceed with Phase III of the project, i.e. design and easement
acquisitions, and fund incurred expenses such as street lighting on Stockton and Elm Streets,
staff recommends appropriating $125,000.00 at this time.
NOW, THEREFORE, BE IT RESOLVED, that the Lodi City Council does hereby
authorize the City Manager to appropriate funds for the Streetlight Completion Project from the
Electric System Revenue Certificates of Participation in the amount of $125,000.00.
Dated: February 20, 2002
I hereby certify that Resolution No. 200243 was passed and adopted by the Lodi City
Council in a regular meeting held February 20, 2002 by the following vote:
AYES: COUNCIL MEMBERS — Hitchcock, Howard, Land, Nakanishi, and Mayor
Pennino
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
SUSAN J. BLACKSTON
City Clerk
2002-43