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REQUEST FOR COUNCIL ACTION <br /> DATE: December 10, 2001 <br /> ITEM NO.: 7 <br /> Department Approval: Administrator Reviewed: Agenda Section: <br /> Name Gregory A. Gappa Public Services's Directors Report <br /> Title Director of Public Services <br /> Item Description: Approve Excel Energy Street Lighting Agreement <br /> The Orono Ambar Senior Housing project includes a City TIF financed project to install decorative <br /> street lights along Highway 12 to match the lights in Long Lake.The street lights in Long Lake were <br /> installed by Excel Energy under a Group 5 lighting agreement in which Excel Energy owns,operates <br /> and maintains the lights. This is the same type of agreement we have for the Navarre parking lot <br /> lights that were installed last year. <br /> The costs for this project will be repaid with TIF funds beginning in year 21 of the TIF agreement. <br /> A separate account has been established for this project to track expenses and revenues. There are <br /> no funds in this account, so completion of this project will require a loan from another source be <br /> placed into this account. Our recommendation is that a loan be obtained from the General Fund for <br /> completion of this project. <br /> Council Action Requested <br /> Approval of the attached agreement with Excel Energy, in the amount of $27,528, to install <br /> decorative street lights along Highway 12 in the vicinity of the Orono Ambar senior housing <br /> development. <br /> Approval of a loan from the general fund,in the amount of$27,528, to the TIF fund project account <br /> for the Orono Ambar project. Loan to repaid with proceeds from the project's TIF funds. <br /> Page 1 <br />