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The City is proposing to recover the cost of the installation and operation and maintenance of the <br />six subdivision street lights by charging a monthly amount of $4.55. The City has established this <br />rate as being an adequate amount to recover the cost of installing, operating and maintaining <br />subdivision street lights in rural subdivision. Any additional rural subdivisions which opt for this <br />street lighting service will be charged the same rate. The rate will be reviewed periodically, as are <br />all other charges for City services, to ensure adequate revenue. Normally, City rates are adopted <br />annually. Increases in the rates might be anticipated if operation and maintenance rates are <br />increased to the City by Anoka Electric Cooperative. The above monthly charge would be billed <br />quarterly to each of the benefitted property owners by Anoka Electric Cooperative as a separate <br />charge on their utility bill. <br /> <br />t>RO.IECT SCHEDULE <br /> <br />This project is technically feasible. For the project to be implemented, the following activities will <br />need to take place on the projected schedule below. <br /> <br />Hold public hearing - September 27, 1994 <br /> <br />Citizens may offer testimony in regard to the project. This may take the form of statements <br />for or against the project. Or it may request clarification or modification of any aspect of <br />the project as described in the feasibility report. Upon close of the public hearing, the CiB' <br />Council may direct any modification to this feasibility study it deems necessary. This <br />feasibility study will become the basis for defining the project. <br /> <br />CiB, Council to Order Project - September 27, 1994 or October ] 1, 1994 <br /> <br />Upon the completion of the public hearing, it is recommended that City Council consider <br />action at either the September 27, 1994 or October 11, 1994 Council meeting. <br /> <br />Street Lights Installed - October, 1994 <br /> <br />Quarterly Payments Beg-in- January, 1995 <br /> <br />First bilking would be prorated based upon date of light installation. <br /> <br /> <br />