HomeMy WebLinkAbout19-055 Authorizing the City Manager to Enter into an Agreement with the PUD to Finance the Street Lights for Water Street and Jefferson Street Through a 15-Year Loan Resolution 19-055
RESOLUTION NO. 19-055
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND,
WASHINGTON, AUTHORIZING THE CITY MANAGER TO ENTER INTO AN
AGREEMENT WITH THE PUD TO FINANCE THE STREET LIGHTS FOR WATER
STREET AND JEFFERSON STREET THROUGH A 15-YEAR LOAN.
WHEREAS,the PUD created a Government Lighting Rate (PUD Resolution 2018-029)
in order to allow government entities to finance the material and installation cost of street lights;
and
WHEREAS,the Water Street and the Jefferson Street Sidewalk project budgets did not
include the purchasing of street lights fixtures, but the light pole bases and the conduits were
installed; and
WHEREAS,the total number of street lights to be finance for a period of 15 years is 22
street lights; and
WHEREAS,the PUD went through public bidding process and received 4 vendor quotes
and the low bid was from Platt/Lumca at $68,582.02; and
WHEREAS, the "payback amount" is approximately $20.00 per street light per month in
addition to the monthly basic charge based on wattage; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Port
Townsend as follows: to authorize the City Manager enter into an Agreement with the PUD to
finance the street lights for Water Street and Jefferson Street through a 15-year loan.
ADOPTED by the City Council of the City of Port Townsend at a regular meeting
thereof, held this 17th day of June 2019.
Deborah S. StOn
Mayor
Attest: Approved as to form:
Joanna Sanders, MMC tleiidm Grreenwobd
City Clerk City Attorney