MichaelT21 (Arkansas)
Posts: 462
Posts: 462
Posted:
Our streetlights were paid for by the developer when they were installed 15 years ago, to the tune of $75,000. I finally found the information that talks about maintenance of them. It sounds like maintenance of the lights (bulb replacement mainly) is covered under the maintenance fee that we pay the power company. We pay $1200 a year toward maintenance of the light poles.
I'm strongly thinking that the wholesale replacement of street lights when the poles, shrouds, etc, are at end of life will not be covered by the utility company. Thus, I'm thinking that we need a reserve item to cover the eventual replacement of lights. They are 15 years old and certainly will need to be replaced within the next 30 years.
This will be a major hit to our reserve study - $75,000 back in 2006 is probably more like $150,000 today and this will be the largest line item in our reserve study.
Thoughts? Experiences?
I'm strongly thinking that the wholesale replacement of street lights when the poles, shrouds, etc, are at end of life will not be covered by the utility company. Thus, I'm thinking that we need a reserve item to cover the eventual replacement of lights. They are 15 years old and certainly will need to be replaced within the next 30 years.
This will be a major hit to our reserve study - $75,000 back in 2006 is probably more like $150,000 today and this will be the largest line item in our reserve study.
Thoughts? Experiences?