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REQUEST FOR COUNCIL CONSIDERATION Agenda Section: 6 • <br /> FIFES Report Number: 92-288WS <br /> STAFF REPORTMI n AGENDA SESSION DATE JUNE 1, 1992 Report Date: 5/28/92 <br /> DISPOSITION <br /> Item Description: CONVERSION OF CITY HALL LIGHTING <br /> Administrator's Review/Recommendation: \ <br /> - No comments to supplement this report \\\\(! <br /> - Comments attached. / — <br /> Explanation/Summary (attach supplement sets as necessary.) <br /> SUMMARY; <br /> Per Council request at the May 26, 1992 Council Meeting, staff has <br /> received the following figures from NSP regarding the conversion of the <br /> lighting system at City Hall: <br /> Amount to be financed after rebates $6, 318. 00 <br /> Interest at 9 percent through NSP 837.69 <br /> Staff is seeking direction from the Council to either: <br /> . Finance the lighting <br /> . Pay the full amount up front <br /> Staff will be present at the meeting to answer any questions or concerns <br /> that might arise. <br /> i e Ulrich, Public Works Foreman <br /> RECOMMENDATION: <br /> Staff recommends financing through NSP instead of obtaining the funds <br /> from the Contingency Account <br />