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Agreements Authorizing City to pursue CPUC Approval to Purchase Streetlight System from SCE <br />April 4, 2017 <br />Page 3 <br />was set by using the Replacement- Cost - New - Less - Depreciation method acceptable by the <br />CPUC. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #6 Community Facilities & <br />Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City <br />assets), Strategy C (invest resources and technology to extend the service life of existing <br />infrastructure to protect the City's investment and support a high quality of life standard). <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. However, future actions will require City <br />Council approval on fiscal impact. <br />Fre ousavipour <br />Executive Director <br />Public Works Agency <br />FM /EWG/TC /MO <br />Exhibits: 1. Purchase and Sale Agreement <br />2. Light Pole License Agreement for Wireless Attachment <br />3. Resolution 2017 -0007 <br />4. Cost to Purchase the Streetlight System <br />5. Appraisal <br />25G -3 <br />