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`, ity o r <br />Om Louisville <br />COLORADO • SINCE 1878 <br />UTILITY COMMITTEE <br />COMMUNICATION <br />SUBJECT: <br />DATE: <br />POWERLINE UNDERGROUNDING FUND <br />OCTOBER 27, 2017 <br />PRESENTED BY: EMILY KROPF, ASSISTANT TO THE CITY MANAGER <br />SUMMARY: <br />The City's franchise agreement with Xcel requires the company to budget and allocate <br />1% of the preceding year's electric gross revenues for Louisville to bury existing <br />overhead facilities underground. To use the 1% fund, City staff must select projects with <br />distribution or feeder utility lines that are located in the right-of-way and at least 750 feet <br />in length. Additional equipment like transformers cannot be buried as that technology <br />does not exist. Staff is looking for comments on the following: <br />• Does the Utility Committee recommend investing any funds outside of the 1 <br />fund for undergrounding during the 2019/2020 budget process? <br />• If not should staff use the 1'3/0 fund for projects that do not require additional City <br />funds or should the City continue to grow the 1% fund and use it for future capital <br />projects? <br />Background <br />The City currently has $1,765,330 in the 1% fund and can borrow ahead for three years <br />for another $990,444, resulting in a total of $2,755,774. Staff recommends maintaining a <br />minimum balance of $500,000 to use in conjunction with future capital projects (i.e. <br />traffic signals on State Highway 42), resulting in a total amount available of $2,255,774. <br />In March 2017, the Utility Committee reviewed the list of potential projects and directed <br />staff to explore which projects would improve service reliability and public safety. Xcel <br />provided a letter recommending three projects that could improve service reliability: <br />Location <br />Utilities (Linear Feet) <br />Cost <br />West of SH 42 & west on Griffith <br />1,700 Xcel distribution <br />1,700 CenturyLink <br />$340,000-$510,000 Xcel 1°/0 fund <br />$85,000-$170,000 additional City <br />funds <br />Spruce & north in alley between <br />Lincoln & Garfield <br />3,900 Xcel distribution <br />3,900 CenturyLink <br />$780,000-$1,170,000 Xcel 1% fund <br />$195,000-$390,000 additional City <br />funds <br />Alley adjacent to Community Park & <br />north on Roosevelt to Pine <br />2,000 Xcel distribution <br />2,000 CenturyLink <br />$400,000-$600,000 Xcel 1°/0 fund <br />$100,000-$200,000 additional City <br />funds <br />The remaining projects have been prioritized based on the type of benefit that would <br />result from undergrounding (public safety, aesthetics, etc.). Some projects also include <br />UTILITY COMMITTEE COMMUNICATION <br />