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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A LED LIGHTING AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND FLORIDA POWER & LIGHT COMPANY FOR THE COLLIER CITY NEIGHBORHOOD; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $607,476.65)
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(Staff Contact: Horacio Danovich)
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Summary Explanation/Background:
The proposed FPL Streetlighting agreement was developed with the Consultant’s lighting assessment of the Collier City Neighborhood that will bring street illumination into required Code standards. A total of 400 decorative LED light fixtures and poles will be installed and 200 fixtures/wood poles will be removed. The City will use funds reserved in the General Obligation Bond project to pay $607,476.65 up front to pay for required support costs (underground boring of electrical wiring/conduit, and removal of existing poles/fixtures). The agreement shall be for a term of ten (10) years from the date of initiation of service and shall be extended automatically, unless either party shall have given written notice to the other of its desire to terminate. There will be a recurring monthly cost of $17,872 paid via the City’s FPL electric bill to cover cost of the consumed electricity, fixture, and maintenance.
Origin of request for this action: Staff
Fiscal impact and source of funding: $607,476.65 from GO Bond CIP 19-354, (318-7632-530.65-12)
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G.O. POMPANO!
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