HomeMy WebLinkAbout20-060 Authorizing the City Manager to Execute an Agreement with the Jefferson County Public Utilities District No 1 to Finance the Street Lights for Water Street and Jefferson Street Through a Fifteen Year Loan Resolution 20-060
RESOLUTION NO. 20-060
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND,
WASHINGTON AUTHORIZING THE CITY MANAGER TO EXECUTE AN
AGREEMENT WITH THE JEFFERSON COUNTY PUBLIC UTILITIES DISTRICT NO 1
TO FINANCE STREET LIGHTS FOR WATER STREET AND JEFFERSON STREET
THROUGH A FIFTEEN YEAR LOAN
WHEREAS, the Water Street and Jefferson Street projects included installation of street
lights per Resolution 19-055 that authorized the financing of 22 street lights at a cost of
approximately $20 per month per light; and
WHEREAS, as both projects are complete and involved the installation of 27 street lights;
and
WHEREAS, the monthly cost for the installation of all 27 lights will be $548 for fifteen
year;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Port
Townsend, Washington, the City Manager is authorized to execute an agreement with the Jefferson
County Public Utilities District No. 1 to finance 27 street lights for Water Street and Jefferson
Street through a fifteen year loan.
ADOPTED by the City Council of Port Townsend, Washington, at a regular meeting
thereof, held this 16th day of November 2020.
Michelle Sandoval
Mayor
Attest: Approved as to form:
49 0�11111)11�'
Joanna Sanders MMC �_... 1 lcii"Gir e e11Y, )lo w
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City Clerk City Attorney