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HomeMy WebLinkAbout2880 Resolution RESOLUTION NO. 2M6 A RESOLUTION establishing criteria for consideration of financial assistance for underground conversion of overhead electric utilities in the Downtown Area. WHEREAS, the existence of overhead electric and communication facilities, particularly in the older downtown commercial area, fosters visual clutter as well as potential electrical hazards,both of which can be eliminated by their conversion to underground facilities; and WHEREAS, the high cost of converting overhead electric and communication facilities to underground is often a deterrent to the inclusion of such elements in redevelopment projects; and WHEREAS, RCW 35.96.010 explicitly declares underground conversion of overhead facilities to be a substantial benefit to public safety and welfare, is in the public interest and is a public purpose; and WHEREAS, City participation in such conversion projects, is sometimes enough incentive for private investors in redevelopment projects to include the conversion of adjacent overhead lines to underground as part of the associated investment project; and WHEREAS, such partnerships not only reduce the cost for each of the participants, they are often the catalyst that causes the conversion to occur and, ultimately, the encouragement that results in the aesthetic and safety benefits subsequently enjoyed by the community and its citizens; and WHEREAS, the City wishes to encourage public-private partnerships which will include conversion of overhead facilities to underground within the downtown area; NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON DOES RESOLVE AS FOLLOWS: Section 1. The City Council hereby establishes a policy to encourage the undergrounding of electrical utilities located within the downtown area. Section 2. Financial assistance may be provided by the City to encourage underground conversion of existing overhead electrical facilities if approved by the City Council after consideration of the following requirements. (a) Assistance shall be limited to projects located within the boundaries of the Pasco Downtown Development Association as they may be amended hereafter. (b) City assistance shall be contingent upon availability of funds. (c) Assistance shall only be available to undergrounding projects which are at least one City block in length. (d) Funding assistance shall not exceed 50% of the direct cost of undergrounding the Public Utility District electrical service. No assistance shall be used to pay for undergrounding other overhead utilities including, but not limited to, cable TV and telephone utilities. (e) Assistance shall be limited to projects with a new private investment value of at least $500,000 and which make a significant contribution to downtown revitalization and which comport with the Downtown Revitalization Action Plan. (f) The amount of financial assistance per individual project shall be at the discretion of the City Council pursuant to the foregoing criteria, provided that total City assistance shall not exceed $50,000 per block. PASSED by the City Council of the City of Pasco,this 'Say of 52005. CITY OF PASCO: ichael L. Garrison Mayor ATTEST: APPROVED AS TO FORM: Sandy L. enworthy Leland B. Kerr Deputy City Clerk City Attorney