License Agreement between the City of Huntington Beach and Southern California Edison Approve and authorize Mayor and City Clerk to execute five-year agreement
Statement of Issue
The City Council is asked to 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 maintaining existing traffic light facilities located on Center Avenue in Huntington Beach.
Financial Impact
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.
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
Analysis
In 1993 the City installed traffic signals on Southern California Edison owned properties.
The existing License Agreement has expired, and City Council approval is required for a new five-year agreement.
SCE has prepared a new License agreement, which has been approved by the City Attorney as well as the Public Works Department.
Recommended Action
Approve and authorize the Mayor and City Clerk to execute the License Agreement.
Questions?