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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />APRIL 3, 2018 <br />TITLE: <br />AUTHORIZE FINANCING TO COMPLETE <br />ACQUISITION OF STREETLIGHTS FROM <br />SOUTHERN CALIFORNIA EDISON, <br />APPROVE UPGRADING THE ACQUIRED <br />STREETLIGHTS, AND APPROVE MASTER <br />PLANNING OF THE STREETLIGHTS TO <br />PROVIDE FIBER AND WIRELESS <br />NETWORKING OPTIONS TO THE CITY <br />{STRATEGIC PLAN NO. 1, 2} <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 15' Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Adopt a resolution authorizing the City Manager to enter into an eleven -year agreement with <br />Holman Capital Corporation (Holman), for the period of April 6, 2018 through July 3, 2029, for <br />an amount not to exceed $8,608,052.64 for the purpose of financing the Streetlight <br />Acquisition and Upgrade Project; contract contingency; Debt Service Reserve; Master Plan <br />for Fiber Optic and Wireless Networking; installation of metering and control equipment; and <br />execute any assurances and/or documents required for said agreement. <br />2. Authorize the City Manager and the Clerk of the Council to execute an agreement with <br />Siemens Industry, Inc., to purchase and install Light Emitting Diode fixtures for citywide <br />streetlight upgrades for a one-year period beginning April 3, 2018, and expiring April 2, 2019, <br />with provisions for a one-year extension exercisable by the City Manager and City Attorney, in <br />an amount not to exceed $2,162,800, including a $2,059,360 project fee and a contingency of <br />$103,440, for the term of the agreement, including any renewal period, subject to <br />nonsubstantive changes approved by the City Manager and City Attorney. <br />3. Authorize the City Manager and Clerk of the Council to execute an agreement with Magellan <br />Advisors, subject to nonsubstantive changes, to provide citywide fiber-optic and wireless <br />broadband network consulting services for a three-year period beginning April 3, 2018, and <br />expiring April 2, 2021, with two one-year extensions exercisable by the City Manager and the <br />City Attorney, in an amount not to exceed $225,000, including a $199,880 project fee and a <br />contingency of $25,120, for the term of the agreement, for the term of the agreement including <br />any extensions. <br />55A-1 <br />