6.I

CITY OF BUCKEYE
City Council Regular Meeting
Council ACTION REPORT

ACTION / MOTION: (This language identifies the formal motion to be made by the Council)

Council to take action on Resolution No. 11-18 enlarging City of Buckeye Street Lighting Improvement District No. 2017-SLID-003; and declaring an emergency.

RELEVANT GOALS:
GOAL 2: Enhanced Economic Well-Being and Vitality
GOAL 4: Adequate, Well-Maintained and Well-Planned Public Infrastructure

PROJECT DESCRIPTION: 

Both SLIDS and MIDs provide for the benefit of ensuring that there is a balance of revenue and expenditures to provide for the quality of life for the residents/owners of a particular development without an undue burden upon the existing community. SLIDs are established to purchase (and not generate) energy for street lighting or public park lighting within the District and adjacent streets so that the costs are not borne by the City in its HURF fund.  In preparation for the expansion of this development, 2017-SLID-003 will be expanded to provide energy for the new street lights within the expanded portion of this District.

BENEFITS:

SLIDs ensure that only the owners that benefit from the lighting in their community pay for that service.  Having the costs of street and public park lighting within the District borne by the owners in a development ensure that the revenue needed to fund these costs are always in place.

FUTURE ACTION: Council and staff; does this need to be communicated internally/externally?

A budget and further Council action will take place at the beginning of the fiscal year 2019-20 to implement the new area of this SLID.

FISCAL YEAR:
2019-20