HomeMy WebLinkAbout17-083 - Resolutions - STREET LIGHTING MAINTENANCE RESOLUTION NO. 17-083
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, AMENDING AN APPROVED INTERFUND
LOAN FROM CAPITAL RESERVE FUND 025 TO STREET LIGHTING
MAINTENANCE DISTRICT NOS. 1, 2, 3, 4, 5, 6, 7, AND 8 (FUNDS 151 TO
158) FOR AN INCREASED AMOUNT NOT TO EXCEED $14,400,340 TO
INCLUDE INSTALLATION OF LED LIGHTING TO STREETLIGHTS,
INTERSECTIONS, AND BRIDGES; INSTALLATION OF LED SMART
LIGHTING; AND OTHER ONE-TIME COSTS NECESSARY TO
INVENTORY THE STREETLIGHTS
WHEREAS, On February 9, 2016, the City received a final system valuation from Southern
California Edison ("SCE") for the purchase of 15,299 LS-1 Streetlights ("Streetlights") in the City of Rancho
Cucamonga ("City"); and
WHEREAS, on June 15, 2016, the City Council found it to be in the best interest of the City to move
forward with the purchase of the Streetlights and authorized the City Manager to sign the Purchase and
Sale Agreement between the City and SCE, and to cover all associated costs, through an Interfund Loan
from Capital Reserve Fund 025 ("City Infrastructure Reserve") to Street Lighting Maintenance District Nos.
1, 2, 3, 4, 5, 6, 7, and 8 (Funds 151 to 158) (each a "District" and collectively the "Districts"); and
WHEREAS, on August 3, 2016, the City Council adopted Resolution No. 16-121 authorizing an
interfund loan from the City Infrastructure Reserve to the Districts in an amount not to exceed $9,660,284
for the purchase of the Streetlights from SCE; and
WHEREAS, on May 26, 2017, the CPUC approved the purchase and sale of the Streetlights
between the City and SCE; and
WHEREAS, on July 19, 2017, the City Council approved the Annual Engineer's Reports of the
Districts for Fiscal Year 2017/18 that described the improvements and services to each District, including
the acquisition by the City of the Streetlights and the installation of Light Emitting Diode (LED) street lighting
specially benefiting the properties within the Districts to be added as improvements, and that there would
be no increase in the special benefit to the properties within the Districts as a result of the acquisition; and
WHEREAS, in order to fund the purchase and acquisition of SCE owned streetlights; installation of
LED lighting to streetlights, intersections, and bridges; installation of LED Smart Lighting; and other one-
time costs necessary to inventory the streetlights, the City Council finds that it is in the public's interest to
increase the amount of the interfund loan from $9,660,284 to $14,400,340.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, HEREBY
RESOLVES, to amend Resolution No. 16-121 as follows:
1. Increase the amount of the Interfund Loan from $9,660,284 to $14,400,340 for the purchase
and acquisition of SCE owned streetlights; installation of LED lighting to streetlights,
intersections, and bridges; installation of LED Smart Lighting; and other one-time costs
necessary to inventory the streetlights; and
2. Initiate the commencement of the Interfund Loan at the time in which payments are due to SCE
or to the applicable vendor.
Resolution No. 17-083— Page 1 of 2
PASSED, APPROVED, AND ADOPTED this 161h day of August, 2017.
L. Dennis Michael, Mayor
ATTEST:
nice C. Reynolds, Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO ) ss
CITY OF RANCHO CUCAMONGA )
I, Janice C. Reynolds, City Clerk of the City of Rancho Cucamonga, do hereby
certify that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the
City of Rancho Cucamonga, at a Regular Meeting of said Council held on the 1611 day of August 2017.
AYES: Alexander, Kennedy, Michael, Spagnolo, Williams
NOES: None
ABSENT: None
ABSTAINED: None
Executed this 171h day of August 2017 at Rancho Cucamonga, California.
�9Q/YLf.I�� L'. GGA
ice C. Reynolds, Cler
Resolution No. 17-083 — Page 2 of 2