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55A. AUTHORIZE FINANCING TO ACQUIRE STREETLIGHTS FROM SOUTHERN CALIFORNIA EDISON (SCE), APPROVE UPGRADING THE ACQUIRED STREETLIGHTS, AND APPROVE MASTER PLANNING OF THE STREETLIGHTS TO PROVIDE FIBER AND WIRELESS NETWORKING OPTIONS TO THE CITY {STRATEGIC PLAN NO. 1, 21 - Finance and Management Services Agency, Public Works Agency and Information Technology Department Councilmember Jose Solorio, noted Southern California Edison previously provided opportunity to cities to purchase poles and lights which would save the city money over time. Opined need to have them compatible with security cameras, Wi-Fl, and high speed fiber and some areas of the city need additional lighting to be funded by the savings from this program. Mayor Pro Tem Michelle Martinez thanked City Manager and current interim Public Works Director for bringing this item forward. Opined this is a great opportunity to modernize utilities and ability to have more power as city moves forward towards fiber optics network master plan. MOTION: 1. Adopt a resolution. RESOLUTION NO. 2018-022 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA AUTHORIZING THE CITY MANAGER OR EXECUTIVE DIRECTOR OF FINANCE TO ENTER INTO AN ELEVEN YEAR FINANCING AGREEMENT WITH HOLMAN CAPITAL CORPORATION FOR FUNDING OF THE CITY'S ACQUISITION AND UPGRADES OF THE STREETLIGHTS SYSTEM FROM SOUTHERN CALIFORNIA EDISON PURSUANT TO THE PURCHASE AND SALE AGREEMENT BETWEEN THE CITY AND SCE AS APPROVED BY THE CITY COUNCIL ON APRIL 4, 2017 AND SUBSEQUENTLY APPROVED BY THE CALIFORNIA PUBLIC UTILITIES COMMISSION 2. Authorize the City Manager and the Clerk of the Council to execute an agreement with Holman Capital Corporation(Holman), for the period of April 6, 2018 through July 3, 2029, for an amount not to exceed $8,608,052.64 for the purpose of financing the Streetlight Acquisition and Upgrade Project; contract contingency; Debt Service Reserve; Master Plan for Fiber Optic and Wireless Networking; installation of metering and control equipment; and execute any assurances and/or documents required for said agreement, subject to non -substantive changes approved by the City Manager and City Attorney (AGMT. No. 2018-093). 3. Authorize the City Manager and the Clerk of the Council to execute an agreement with Siemens Industry, Inc., to purchase and install Light Emitting Diode fixtures for citywide streetlight upgrades for a one-year period beginning April 3, 2018, and expiring April 2, 2019, with CITY COUNCIL MINUTES 15 APRIL 3, 2018 1OB-15