THAT the Council of the Township of North Huron hereby receive the report of the Director of Public Works regarding LED Streetlight Conversion Program – LAS/RealTerm Energy Proposal for information;
AND FURTHER THAT Council approve the execution of a Letter of Engagement with LAS and their service partner RealTerm Energy for the audit, design, upgrade, and energy performance of LED streetlights as detailed in their proposal;
AND FURTHER THAT Council approve the project funding from the Water and Sewer reserves for approximately $530,000, with savings from the reduced energy costs of streetlights being allocated back to the Water and Sewer reserves for the full amount of borrowing;
AND FURTHER THAT Council direct staff, following completion of the borrowing term, to continue streetlight revenues on trend with current rates and redirect the surplus into a Roads reserve.