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Development) <br />Street lights <br />Currently, the city charges two fees for street <br />lights. (1) a fee for the physical light/installation <br />(2) a fee for three years energy and maintenance. <br />Staff believes that the first fee (1) could be <br />eliminated --$1,700 per light. The developer can <br />work directly with energy company to install <br />street lights (i.e. this fee becomes developer <br />installed). <br />Staff believes that the city should still charge the <br />second fee (2): for three years energy and <br />maintenance--$294 per light. <br />The street light fee would change from $1,994 per <br />light to $294 per light. Based on scenario #1, the <br />total street lights fee would drop from $63,808 to <br />$9,408. <br />Staff Note: Developer must install standard light. <br />City will own and maintain in the future. The city <br />will ensure developer completes the work by <br />including in development escrow. The escrow <br />would be $54,400. <br />$54.400 reduction <br />(1,700*32 lights) <br />Traffic Signs <br />Staff suggested the elimination of traffic signs <br />fees; this would become a developer installed <br />improvement. <br />Based on development scenario #1, the city would <br />charge $225 per sign ($3,375 for the entire <br />development). <br />Staff Note: Ensure developer completes the work <br />by including in development escrow. The escrow <br />would be $3,375. <br />$3,375 reduction, <br />traffic signs <br />FEE/CHARGE Description/Notes/Suggestions <br />Estimated Costs for <br />Scenario 1 <br />(120 Residential <br />Development) <br />