HomeMy WebLinkAboutPublic Utility District #1 of Jefferson County - Lighting Agreement PUD
Jefferson
I'LIblic. LAility District Board of Commissioners
Jeff Randall, District 1
Kenneth Collins, District 2
Dan Toepper, District 3
Government Lighting Agreement
This Agreement for services is made, effective as of the last date signed below, by and between
the City of Port Townsend ("City") and the Public Utility District No. 1 of Jefferson County
("PUD").
DESCRIPTION OF SERVICES. Beginning on the date of this Agreement, the PUD will
provide to the City the following service:
Installation of 27 street light units. The cost of materials is $2,650.62 per unit plus an installation
cost of$929.61 per unit. Finance charges of 2% will be added to the total unit costs. Total costs
will be repaid over a 180-month payback period. In addition to the basic charge based on watts,
the cost of materials and installation will be $20.30 per light for a total of$548 monthly (see
calculation schedule attached as Exhibit A).
Basic light usage and maintenance cost is being charged via monthly light rate on another
schedule.
PAYMENT. Upon completion of the installation, payment shall be made by the City to the PUD
in regular payments of$548 per month for 180 months until the termination of this Agreement.
The PUD will invoice the City monthly.
The City shall pay all cost of collection, including without limitation, reasonable attorneys' fees.
In addition to any other right or remedy provided by law, if the City fails to pay for the service
when due, the PUD has the option to treat such failure to pay as a material breach of this
Agreement and may cancel this Agreement and/or seek legal remedies.
TERM. This Agreement will terminate automatically upon final payment of the cost of the
services required by this Agreement.
DEFAULT. The occurrence of any of the following shall constitute a material default under this
Agreement:
The failure to make a required payment when due.
The insolvency of bankruptcy of either party.
The subjection of any of either party's property to any levy, seizure, general assignment for the
benefit of creditors, application or sale for or by any creditor or government agency.
This Agreement is agreed to and accepted by:
Public Utility District No 1
of Jefferson County 141 City of Port Townsend
By: 1 ,
Name: Kevin Streett Name: John MIuI o
Title: General Manager Title: City Manager
11/23/2020 Date: Date: C
4 a
®"OF
jaii s` Y
Exhibit A
Lighting Installation Calculation Schedule
Cost per Unit
Material Cost per $2,650.62
Labor Cost ":92 .61
Total Cost $3,580.23
Cost for 27 Units
Total Unit Cost $3,580.23
Units 27
Total Cost for 27 Units $96,666.21
Finance Charges
Finance Rate 2%
Finance Charge $1,9333.32
Final Cost $98,599.53
Payback Calculation
Payback Time (Months) 180
Monthly Payback $547.78
Rounded to Nearest $1 $548.00
Per Light
Monthly payment $548.00
No. of lights 27
Monthly per light cost $20.30