Laserfiche WebLink
REQUEST FOR COUNCIL CONSIDERATION Agenda st-oion 5. <br />STAFF REPORT Report Number:93=661WS-- <br />AGENDAAGENDA:NUA SESSION DATN November 1 . 1993 Rr Port Date: .. 10-28-93 <br />--- <br />DISPOSITION <br />Item Description: Street Light Utility Projected Income Statement <br />:lNo vortmtntg Review/Recommendation <br />quphthisrert <br />(,T� <br />- Kn comments t supplement this report _ <br />- Comments nunched. <br />Explanation/Summnry 4dtnch mgiplrmont�ghrrte . necenenry.I <br />SUMMARY <br />At the October 4, 1993, City Council worksession, five streetlight rate <br />scenarios were presented to the Council for consideration. The Council <br />tentatively agreed to the rate structure in Scenario #3 (please see <br />attachment A) which was $.95 per household per month, $4.20 per acre per <br />month for apartments and $4.75 per acre per month for commercial, <br />industrial, institutional and charitable property. This would generate <br />$59,258 annually. <br />At this meeting, the Council also discussed and tentatively agreed to <br />several issues concerning the streetlight utility. These issues included <br />spending down the streetlight utility fund balance and do so gradually; <br />maintain 25% of the fund's operating budget as a reserve for cash flow <br />purposes and 10% for contingency purposes; adjust the rates infrequently <br />to maintain this fund; and, implement a three year proactive approach to <br />installing streetlights based on a needs analysis conducted by the Mounds <br />View Police Department. <br />The expenses of the utility include the cost of electricity, installations <br />of new street lights, maintenance and repairs of City owned lights and <br />administration. <br />The cost for electricity for 1994 is the actual for the first half of 1993 <br />multiplied by 2 plus the increased cost of providing electricity for the <br />projected 15 new lights per year (the cost per underground, 100w, high <br />sodium density light per month is $14.10). <br />The costs for streetlight installations reflects the 10 installations per <br />the Police Department needs analysis and an estimated 5 additional that may <br />be received by petition. The average installation cost per light over the <br />past two years has been $500. <br />Ap, <br />1(1`;`imruikshank, Asst. to City Admin. <br />1t6.CU.i.11.. UA'1'[0!�: <br />