- Meeting Date:
- 11/03/2014
- Re
- Christmas Tree & Marina Square Holiday Lights
- Submitted For:
- Mike Reals
SUBJECT:
SUMMARY:
RECOMMENDATION:
ALTERNATIVES:
RESPONSIBLE STAFF:
COORDINATED WITH:
Fiscal Impact
- Budgeted Y/N:
- N
- Fiscal Year:
- 2015
- Account:
- 00160005138392
- Amount:
- $72,790.00
OTHER INFORMATION:
$50,000.00 has been budgeted for this project, if approved, the remaining balance would need a funding source in an amount not to exceed $22,790.00. $63,440.00 for the Holiday Lights and $9,350.00 for the Christmas Tree.
Let There Be Lights, Inc.and Clark Sales Display, Inc. were the only responders to our request for bids. The substantial increase in the cost of the Holiday Lights is due to an upgrade to LED technology because the incandescent lights used in the past were not available. The incandescent lights were replaced every year, the LED lights have a much longer lifespan and can be used for multiple years resulting in a cost of $27,000.00 per year for years two and three. The three year average for the Holiday Lights would be $39,147.00, which is less than the $41,000.00 paid in previous years.