Agenda - Council - 06/27/1995 - Laserfiche WebLink

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' Mr. Schroeder questioned if they would be billed in this fashion. Councilmembe# Peterson answered yes, if that's consistent with what we've done in the ' past. Councilmember Beyer felt the funding should come out of the City's General Fund. ' It was also de 'ermined that an error was made and that 153rd should be an A priority. Motion by Councilmember Beahen and seconded by Mayor Hardin to proceed with the A ' priority street lights and fund it by billing direct to the residents via their utility bill utilizing the 20 -year amohization numbers. ' Motion carried. Voting Yes: Mayor Hardin, Councilmembers Beahen, Peterson and Zimmerman. V6ting No: Councilmember Beyer. ' Finance Committee /April 25, 1995 Page 3 of 4 second most d� irable. Therefore Systems, Inc., Portland Oregon, met and exceeded the City's however, it criteria; was much more costly. Motion by Councilmember Beyer and seconded by Councilmember Beahen to recommend ' proceeding with negotiations with FundworksTM. Motion carried Voting Yes: Mayor Hardin, Councilmembers Beyer, Beahen, Peterson ' and Zimmerman. Voting No: None. Case #4: Revisit the Priority Street Lighting Financing Issue ' Finance Officer Hart stated that staff has updated its priority street light list - we currently have 28 lights. Recently we received a request to install a priority street light at the intersection of 167th Avenue and County Road #5 which is listed as a level A priority. ' Presently, the Gity's Future Street Lighting Fund has a balance of $11,928 which could be used to finances& installation of 13 of the 24 priority A lights. Various funding sources have been disc ssed, with direct billings to residential properties being the preferred ' method, since t4e majority of the priority lights benefit primarily residential properties. She explained the three classes of priority lights. She also presented tables based on a 10 -year and a 20 -year amortization billing. Based on those calculations, if all priority arterial street ' lights are instal ed, and 4,900 residential properties are billed directly, the annual cost to each property Would be $6.28 to $7.37, or approximately $1.57 to $1.85 per quarter. It is anticipated that the quarterly billing, in the amounts stated above, would continue to be sufficient to recover the costs of installation. It may be necessary to adjust this rate ' periodically if t4ere is a significant increase in costs for operation and maintenance. City Administr4tor Schroeder inquired if the Committee agrees with the priorities and if ' they would want to build any of them assessing the funding by charging the citizens directly on their;utility bills. Councilmembet Peterson inquired if that would be for the entire City to which Mr. ' Schroeder replild yes. If the entire system was built and billed to the residents, the charge would be $7.37 fper year. ' Mayor Hardin stated he would be in favor of starting with the A priorities and going from there. ' Mr. Schroeder questioned if they would be billed in this fashion. Councilmembe# Peterson answered yes, if that's consistent with what we've done in the ' past. Councilmember Beyer felt the funding should come out of the City's General Fund. ' It was also de 'ermined that an error was made and that 153rd should be an A priority. Motion by Councilmember Beahen and seconded by Mayor Hardin to proceed with the A ' priority street lights and fund it by billing direct to the residents via their utility bill utilizing the 20 -year amohization numbers. ' Motion carried. Voting Yes: Mayor Hardin, Councilmembers Beahen, Peterson and Zimmerman. V6ting No: Councilmember Beyer. ' Finance Committee /April 25, 1995 Page 3 of 4