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WHEREAS, with approval of this Resolution, the proposed Purchase and Sale <br />Agreement will be forwarded to the CPUC for review as part of Its approval process; <br />and <br />WHEREAS, following the purchase of the streetlights by the City, the parties <br />intend to enter into a separate agreement granting a no -fee license to Southern <br />California Edison to attach certain wireless communication equipment owned and <br />operated by SCE to City-owned streetlights. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Santa <br />Ana as follows! <br />Section 1. City staff is authorized to seek approval of the transaction by the <br />CPUC to proceed with the purchase of approximately 7,800 streetiights from Southern <br />California Edison; subect to future City Council approval of a Purohase and Sale <br />Agreement between the parties. <br />Section 2. City staff is authorized to forward) the proposed Purchase and Sale <br />Agreement to the CPUC for review as part of the CPUC's approval process. <br />Section 3. City staff is authorized to issue a Request for Proposals to engage <br />a financial advisor to examine available financial programs to fund the purchase and <br />retrofitting of the acquired streetlight. system. <br />Section 4. Upon approval by the CPUC, the financial model and options will <br />be presented to the City Council for further consideration and direction. <br />Section 5, The City will not be committed to the purchase until the terms of the <br />agreement are finalized, the CPUC approves the transaction, and the City Council <br />approves the financial model and Purchase and Sale Agreement, <br />Section 5, This Resolution shall take effect immediately upon its adoption by <br />the City Council, and the CGerk of the Council shall attest to and certify the vote adopting <br />this Resolution. <br />ADOPTED this 21� day of February, 2017. <br />Resolution No. 2017 -007 <br />Page 2 of 3 <br />25G -204 <br />r <br />A' P do <br />