Agenda Packets - 1993/11/01 - Laserfiche WebLink

Home Browse Search

REQUEST FOR COUNCIL CONSIDERATION Agenda Section: 5. OD UCS SSli Report Number: 93-661WS STAFF REPORT �� Report Date: 10-28-93 AGENDA SESSION DATE November 1. 1993 DISPOSITION Item Description: Street Light Utility Projected Income Statement Administrator's Review/Recommendation - No comments to supplement this report' - Comments attached. Explanation/Summary (attach supplement sheets necessary.) SUMMARY; At the October 4, 1993, City Council worksession, five streetlight rate scenarios were presented to the Council for consideration. The Council tentatively agreed to the rate structure in Scenario #3 (please see attachment A) which was $. 95 per household per month, $4. 20 per acre per month for apartments and $4. 75 per acre per month for commercial, industrial, institutional and charitable property. This would generate $59, 258 annually. At this meeting, the Council also discussed and tentatively agreed to several issues concerning the streetlight utility. These issues included spending down the streetlight utility fund balance and do so gradually; maintain 25% of the fund's operating budget as a reserve for cash flow purposes and 10% for contingency purposes; adjust the rates infrequently to maintain this fund; and, implement a three year proactive approach to installing streetlights based on a needs analysis conducted by the Mounds View Police Department. The expenses of the utility include the cost of electricity, installations of new street lights, maintenance and repairs of City owned lights and administration. The cost for electricit fo . - - - 0 . - multiplied by 2 plus the increased cost of providing electricity for the projected 15 new lights per year (the cost per underground, 100w, high sodium density light per month is $14. 10) . The costs for streetlight installations reflects the 10 installations per the Police Department needs analysis and an estimated 5 additional that may be received by petition. The average installation cost per light over the past two years has been $500. RECOMMENDATIONS Tim Cruikshank, Asst. to City Admin.