Council Minutes - Town of Cambridge

COUNCIL MINUTESTUESDAY 26 JUNE 2012CR12.99UNDERGROUND POWER PROGRAM - SURVEY OF PROPERTY OWNERSPURPOSE OF REPORT:To seek Council endorsement to survey property owners who currently do not haveunderground power servicing their properties, seeking their propensity to pay for undergroundpower.BACKGROUNDThe earlier report on underground power refers (item CR12.36, March 2012), following whichCouncil decided that:That the Administration prepares a viability report for presentation in April 2012,including a cashflow detailing estimated capital proceeds from land sales matched withfuture capital projects and the proposed underground power contributions as outgoingsover the next ten years. These contributions would be one third of the cost for eachproperty. This should be prepared on the basis of the areas most likely to contributetwo thirds having their installations completed earliest.H:\CEO\GOV\COUNCIL MINUTES\12 MINUTES\JUNE 2012\C CR.DOCX 176