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AgdaPkt 2020-04-27 Joint SA PFA
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AgdaPkt 2020-04-27 Joint SA PFA
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Last modified
10/1/2020 10:04:26 AM
Creation date
4/23/2020 5:54:21 PM
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CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
4/27/2020
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7.A. - Page 26 of 36 <br />Redwood <br />CityI California <br />Pounded 1867 <br />New FY 20-21 fund- <br />$250,000 <br />Project Status <br />Ongoing & <br />ing recommended: <br />Estimated <br />FY 2024-25 <br />Estimated <br />5 -Yr Cost <br />routine <br />Previously approved <br />250,000 <br />Estimated <br />Ongoing <br />project funding: <br />$1,787,985 <br />Completion Date <br />& routine <br />Remainder to be <br />Ongoing & <br />Estimated useful <br />TOTALS 1 1,787,985 1,457,810 <br />funded: <br />routine <br />project life: <br />Ongoing <br />Estimated Total Cost: <br />Ongoing & <br />Department Lead <br />Public Works <br />routine <br />Summary <br />Replacement of existing street fixtures and lights with light emitting diode (LED) lights. <br />Background <br />Replace City street lights and light fixtures with light -emitting diode (LED) street lights and fixtures. <br />LED lights provide more energy-efficient lighting to reduce the City's energy usage and help meet green- <br />house gas reduction targets by 2020. <br />Timeline <br />This is an ongoing program. Approximately half of the City's unmetered street lights have been replaced <br />with LEDs. This project will continue the work of converting additional City street lights to LEDs. Approxi- <br />mately 500 lights are expected to be install <br />Operational Impacts <br />If funded, cost savings related to staff time (maintenance) and electrical costs will be realized moving for- <br />ward. <br />CAPITAL IMPROVEMENT PROGRAM 211 <br />Previously Estimated <br />FUND gpproved Expenditures <br />thru 6-30-20 <br />FY 2019-20 <br />Carryover <br />Recom'd <br />FY 2020-21 <br />Estimated Estimated Estimated <br />FY 2021-22 FY 2022-23 FY 2023-24 <br />Estimated <br />FY 2024-25 <br />Estimated <br />5 -Yr Cost <br />357 Capital Outlay Fund 1,787,985 1,457,810 <br />330,175 <br />250,000 <br />250,000 250,000 250,000 <br />250,000 <br />1,250,000 <br />TOTALS 1 1,787,985 1,457,810 <br />330,175 <br />250,000 <br />250,000 250,000 250,000 <br />250,000 <br />1,250,000 <br />CAPITAL IMPROVEMENT PROGRAM 211 <br />
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