Title
Approval for the Mayor and/or City Administrator to sign a release as part of the Travelers Casualty and Surety of America claim for the Barrington Farms Street Lighting, to sign an agreement with Georgia Power for purchase and light installation and approval of Budget Amendment 35042200-09-11-2013 increasing both the revenue and expenditure budget by $4,336.27.
Transportation
Body
Item Summary:
The City made a claim to Travelers Casualty and Surety of America, the bonding company for the developer of Phase 11 of Barrington Farms Subdivision, Crown Development LLC, regarding the developer's requirement to provide seven street lights in Phase 11. The bonding company has approved the City's claim in the amount of $4,336.27 as required for Georgia Power to install street lights matching the previous 10 Phases. The bonding company has requested a release from any further claims. The release is authorized but is subject to receipt of the payment.
Committee or Staff Recommendation:
On August 28, 2013 the Community Development and Transportation Committee recommended placing this Item on the Mayor and Council Agenda.
Financial Impact:
Upon approval of the budget amendment, $4,336.27 will be established under the Street Light Program project account, ORG 35042200, OBJ 542300, Project 95004 for the Barrington Farms Street Lights. The estimated monthly cost for the seven street lights is $113.19 or $16.17 per light.
Presented by:
Steven D. Acenbrak, PE, LEED AP, Director of Transportation