Explanation
This legislation authorizes a transfer of $18,121.61 from the Special Income Tax Fund (SIT), authorizes the subsequent transfer and appropriation of $18,121.61 from the SIT to the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund, and authorizes the purchase of Various Size Luminaires required by the Division of Electricity for maintenance of existing city street lights and new street lighting. The luminaires will be obtained in accordance with the terms and conditions of universal term contracts established by the Purchasing Office:
FL001907, Hughes Supply Inc., C.C. #370798775, $121,712.75
FL001906, General Electric Supply, C.C. #140689340, $4,453.50
Emergency action is requested in order that the financial transactions may be completed and luminaires obtained to meet the division's needs for maintenance and installation of new street lighting.
FISCAL IMPACT: $300,000 was budgeted in the Division of Electricity Operating Fund for the purchase of Luminaires. The portion funded from the Special Income Tax (SIT) fund is a temporary measure until the City sells notes or bonds to fund this capital improvement project. Approximately $208,000 was spent in 2003 and $242,862 was spent in 2002 for the purchase of Various Size Luminaires.
Title
To authorize the City Auditor to transfer $18,121.61 from the Special Income Tax Fund to the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund: to authorize the appropriation of said funds; to authorize the Finance Director to enter into blanket purchase orders for Various Size Luminaires for the Division of Electricity in accordance with the universal term contracts with General Electric Supply and Hughes Supply; and to authorize the expenditure of $20,027.50 from the Voted Electricity and Street Lighting Improvements Fund and $106,138.75 from Division of Electricity Operating Fund; and to declare an emergency. ($126,166.25...
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