2017-007 - Public Utilities Commission Approval

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WHEREAS, with, approval of this Resolution, the proposed Purchase and Sale Agreement will be forwarded to the CPUC for review as part of its approval process; and WHEREAS, following the purchase of the streetlights by the City, the parties intend to enter into a separate agreement granting a no -fee license to Southern California Edison to attach certain wireless communication equipment owned and operated by SCE to Ci:lty-owned streetlights. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Santa Ana as follows: Section 1. City staff is authorized to seek approval of the transaction by the CPUC to proceed with the purchase of approximately 7,800 streetlights from Southern California Edison; subect to future City Council approval of a Purchase and Sale Agreement between the parties. Section 2. City staff is authorized to forward the proposed Purchase and Sale Agreement to the CPUC for review as part of the CPUC's approval process. Section 3. City staff is authorized to issue a Request for Proposals to engage a financial advisor to examine available financial programs to fund the purchase and retrofitting of the acquired streetlight system. Section 4. Upon approval by the CPUC, the financial model and options will be presented to the City Council for further consideration and direction. Section 5. The City will not be committed to the purchase until the terms of the agreement are finalized, the CPUC approves the transaction, and the City Council approves the financial model and Purchase and Sale Agreement. Section 6. This Resolution shall take effect immediately upon its adoption by the City Council, and the Clerk of the Council shall attest to and certify the vote adopting this Resolution. ADOPTED this 21s'day of February,2017. 60 Resolution No. 20'17-007 Page 2 of 3