REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Eric G. Parra, Interim City Manager
VIA: Chau Vu, Director of Public Works
PREPARED BY: Bill Krill, Real Estate & Project Manager
Subject:
title
Approve and authorize execution of a five-year License Agreement with Southern California Edison for traffic signals at the intersection of Center Avenue and One Park Plaza
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Statement of Issue:
Staff is requesting City Council to approve and authorize the Mayor and City Clerk to execute a License Agreement between the City of Huntington Beach and Southern California Edison for the purpose of retaining the current placement and position of existing traffic signal facilities located on Southern California Edison (SCE) owned property located on Center Avenue in Huntington Beach.
Financial Impact:
Over the proposed five years of this agreement, the City will pay to SCE a total of $1,105.13 to occupy SCE property for traffic signal purposes. The License Fee will begin upon the execution of this Agreement, with subsequent annual payments as per the schedule of rents below. Payments will be budgeted from 10085304.64620 Traffic Signal Maintenance Account. Under previous agreement the City has paid $250.00 per year for the same terms and conditions related to these facilities. These updated consideration terms show a decrease in city costs related to this agreement.
Year
Term
Annual Amount Due
Payment Due Date
First Year
2024
$200.00
1/7/2024
Second Year
2025
$210.00
1/7/2025
Third Year
2026
$220.50
1/7/2026
Fourth Year
2027
$231.53
1/7/2027
Fifth Year
2028
$243.10
1/7/2028
Total Due
$1,150.13
Recommended Action:
recommendation
Approve and authorize the Mayor and City Clerk to execute a License Agreement between the City of Huntington Beach and Southern California Edison for use of property being occupied by City traffic signal facilities.
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Alternative Action(s):
Do not approve the agre...
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