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Subject: Communication from the Interim Commissioner of Public Works/City Engineer requesting permission to apply for and accept a Focus on Energy LED Streetlight Retrofit Grant 38261/13875 (Grant Control No. 2011-005). (Res.11-2438)
Recommendation of the Finance & Personnel Committee on 3-07-11: Permission be granted to apply for and accept a Focus on Energy Grant (Grant Control No. 2011-005) from WE Energies for upgrading street light fixtures on various circuits throughout the City of Racine with more energy efficient LED lighting.
Fiscal Note: The estimated project cost is $107,718.00 and will result in an annual electric cost savings of $18,719.00. The grant is in the amount of $5,911.00, resulting in an estimated 5.4-year payback. Funds for the project are available in the 2011 Street Lighting Capital Outlay and CDBG-R Program.