HomeMy WebLinkAbout1997-07-22; City Council; Resolution 97-550ll 0 0
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RESOLUTION NO. 97-550
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, APPROPRIATING GENERAL FUNDS, INCREASING ESTIMATED REVENUES, AND AUTHORIZING STAFF TO ENTER INTO AN AGREEMENT WITH SAN DIEGO GAS & ELECTRIC COMPANY FOR
FINANCING THE PURCHASE AND INSTALLATION OF 989
RED LED (LIGHT EMITTING DIODE) TRAFFIC SIGNAL
INDICATIONS
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agreement with San Diego Gas & Electric Company for the installation of 989 red LED (li< 9
WHEREAS, the Community Services Department entered into a non-bindi
10 emitting diode) traffic signal fixtures prior to December 1, 1997; and
11 WHEREAS, this agreement obligates the San Diego Gas & Electric Company
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reimburse the City $15.00 for every red ball and $5.00 for every red arrow LED fixture that
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i materials and installation of 989 red LED traffic signal fixtures within the City of Carlsba 18
WHEREAS, adequate funds exist in the General Fund to cover the initial cost 17
reduce maintenance costs, and would dramatically reduce energy costs; and 16
red traffic signal indications are environmentally friendly, would increase public safety, WOL 15
WHEREAS, staff has determined that installation of LED fixtures in place of existi1 14
installed prior to December 1, 1997, up to a total of $1 2,085; and
20 WHEREAS, the San Diego Gas & Electric company has offered a low interest loa
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1, The above recitations are true and correct. 27
Carlsbad as follows: 26
NOW, THEREFORE, BE IT RESOLVED, BY THE City Council of the City 25
paper rate which is lower than anticipated revenues resulting from City investments. 24
WHEREAS, it is in the City’s best interest to finance this purchase at the three mon 23
traffic signal fixtures within the City of Carlsbad; and, 22
equal to the three month paper rate to finance the purchase and installation of 989 red LE
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agreement with San Diego Gas and Electric Company for the purchase a 5
3. The City Manager is hereby authorized to negotiate and enter into 4
signal fixtures. 3
the amount of $1 08,612 for the purchase and installation of 989 red LED tra 2
2. The Finance Director is hereby authorized to make General Funds available
6 installation of 989 red LED traffic signal fixtures in the City of Carlsbad.
7 4. The Finance Director is hereby authorized to increase the estimated revenues
8 $108,612 as a result of the loan from SDG&E.
9 5. The Purchasing Agent is hereby authorized to procure the materials necess;
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PASSED, APPROVED AND ADOPTED by the City Council of the City of Carlsbad 3.1
for the installation of 989 red LED traffic signal fixtures.
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1997, by the following vote, to wit: 13
its regular meeting held on the 22nd day of July I
14 AYES: Council Members Lewis, Finnila, Nygaard, Kulchin, and Hall
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NOES: None
ABSENT: None
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ALETHA L. RAUTENKRANZ, City Clerk \
(SEAL)
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