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STAFF REPORT <br /> PAGE THREE <br /> SEPTEMBER 7, 1993 <br /> One of the things that has become clear in the almost two years <br /> that the City has had the utility is that we have had less <br /> expenditures than anticipated and that fewer new lights have been <br /> installed than anticipated. Because of these factors, there will be <br /> a fund balance in the utility rather than a break even status or a <br /> deficit. If the City Council were to retain the utility, the rate <br /> structure could be reduced and the City would still have sufficient <br /> funding to take a much more desired "pro-active" role in installing <br /> new street lights in areas recommended by the Police Department. <br /> Staff will, of course, be present Tuesday night to answer questions <br /> and provide any additional information you request. <br />