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I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> l <br /> ! <br /> I <br /> I <br /> I <br /> I <br /> I <br /> <br />a daily frequency. The two remaining utility financing options both have one-time installations <br />costs and monthly operation costs. <br /> <br />For the purposes of the discussion above, I have utilized and would recommend the option having <br />the higher installation cost and corresponding lower monthly user cost. The payback period <br />between the two options is approximately six to eight years, and these installations should have a <br />service life of over 20 years. This option also minimizes the amount placed on the general tax <br />levy, while the higher installation costs can be recovered from the benefited individuals and <br />developers. <br /> <br />Council Action: <br /> <br />Motion to direct Staff to prepare a draft street lighting policy and return to Council to schedule a <br />public hearing on said policy. <br /> <br />Review Checklist: <br /> <br />City Administrator X <br />City Attorney <br />City Engineer X <br />Community Development Director <br />Public Works Supervisor <br /> <br />jmt/9/20/90 <br /> <br />Chief of Police <br />Finance Officer <br />Planning & Zoning Commission <br />Park & Recreation Commission <br /> <br />X <br /> <br /> <br />