2008/08/06 Council Agenda Packet

EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET r PROJECT TITLE: An ordinance creating a special Consent COUNCIL BILL# C6 6(37- 33 improvement project entitled Action Originating Department Engineering "2008 LED Energy 7/23/08 First Reading Contact Person Ryan Sass Conservation Project," Fund 7/30/08 Second Reading Phone Number (425) 257-8942 303, Program 079,to 8/06/08 Third Reading FOR AGENDA OF July 23, 2008 accumulate all costs for the Public Hearing improvement project. Initialed by: Department Head CAA ` ) Council President Location Preceding Action Attachments Department(s)Approval Everett Area 7/09/08 Budget Ordinance Finance Committee r Amount Budgeted -0 - Expenditure Required $432,743.85 Account Number(s): PW3339 Budget Remaining - 0 - Additional Required $432,743.85 DETAILED SUMMARY STATEMENT: The City currently maintains 168 traffic signals. These signals typically use 135-watt light bulbs for the yellow/green traffic signal displays and 69-watt light bulbs for the pedestrian signals. As part of its energy conservation program, the Snohomish County PUD is offering the City an incentive to replace the incandescent green and pedestrian light bulbs with Light Emitting Diodes (LED's). The incentive to the City amounts to roughly 54%of the replacement cost($232,078.08), a two-year payback through reduced electric bills(because of reduced electrical usage), and longer signal service life(LED's last about 7-10 years). The funding sources for this bulb replacement project are: Snohomish County PUD $ 232,078.08 Fund 009—General Gov. Non-Dept. 200,665.77 Total $ 432,743.85 RECOMMENDATION (Exact action requested of Council): Adopt the proposed ordinance creating a special improvement project entitled"2008 LED Energy Conservation Project,"Fund 303, Program 079, to accumulate all costs for the improvement project. 4 7 f