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County Road 15 <br />Lighting and Financing <br />March <br />21, 1988 <br />Page <br />3 of 4 <br />(Annual Cost/General) <br />Special <br />General <br />Fund <br />(10 r 6.5%) Assessment <br />#1 <br />384,000 <br />53,500 <br />97,000 <br />#2 <br />284,000 <br />40,435 <br />97,000 <br />#3 <br />184,000 <br />25,600 <br />97,000 <br />#4 <br />100,000 <br />13,900 <br />97,000 <br />#5 <br />0 <br />0 <br />97,000 <br />ALTERNATIVES - <br />Issue 1 Street Lighting <br />a. Citv owned street lightinq <br />Adopt <br />Amend and adopt <br />Table <br />Reject <br />b. Consulting design engineer <br />Appoint <br />Table <br />c. Financing <br />Adopt recommendation <br />Amend and adopt <br />Table <br />Reject <br />Municipal (Est. <br />State Aid <br />Net Loss of �) <br />0 <br />0 <br />100,000 <br />(14,200) <br />200,000 <br />(21,750) <br />284,000 <br />(30,800) <br />384,000 <br />(42,000) <br />Issue 2. Method of Financing - County Road 15 Sources <br />Adopt recommendation, order feasibility, and set hearing schedule <br />Allocations <br />Amend and adopt <br />Table <br />Means of Financing <br />Finance through MSA <br />Internal sources <br />RECOMMENDATION - <br />Issue 1 - Str=.et Lighting <br />a. Type of Lighting - It is recommended that the City go with the City <br />owned lighting to replace the existing wooden poles. <br />b. Consultant - Consulting Design Engineer - It is recommended that <br />the City go with Robert h1 lers in conjunction with the City of Spring <br />Park to do the design of the project. <br />C. Method of Financing - It is recommended that the City assess the <br />total of > 7`� 000. <br />