2. 1. LED lights provide better lighting for safety. 2. LED lights: less energy, cheaper to operate. 3. LED lights are replaced less often, thereby saving money. 4. The program will sunset after six years. 5. Miami Valley Lighting (DPL) must replace one- third of its lights; City will advocate replacing all of them with LEDs. 2 Street Light Improvements

3. 1. Standardize street lighting throughout the city to increase visibility and safety; add 300 new street lights over the six-year period. 2. Upgrade city-owned street lights to high- efficiency LED lights, which consume about half the energy of previous technology, have double the useful life and reduce the City’s carbon footprint. 3. Negotiate with Miami Valley Lighting (DPL) to upgrade obsolete mercury vapor lights to efficient LEDs. 3Benefits

4. Street Lighting Assessment Facts The assessment will be calculated based on assessed value of the property. ALL properties receiving a benefit from the street lighting system will be assessed, which will keep the assessment rate low. Neighborhoods without street-lighting (Forest Ridge/Villages of Forest Ridge) or with neighborhood- supported street lighting (Oregon) will not be assessed (see maps). Two districts with different lighting standards were developed—A) Downtown/Wright Dunbar/Valley St. and B) The remainder of the city (except Forest Ridge and Oregon). 4

5. Street Lighting Assessment Facts Upon the adoption of the Resolution of Necessity, staff will retrieve current data from the County Auditor’s Office to calculate the cost to each property owner. 5

6. Street Lighting Assessment Facts The assessment will begin January of 2013 and sunset on December 31, 2018. The assessment will appear on the semi-annual property tax bill. Real estate values in the city fell almost 12% in the recent revaluation update. For a typical residential property with an appraised value of $60,000, the property tax decreased by about $25 annually or roughly equal to the proposed assessment cost. 6

7. The assessment would generate approximately $3M annually, yielding about $1.8M net of capital, administrative costs and City’s share of investment. Street Lighting Inventory: 5,000 City-owned poles 14,600 Miami Valley Lighting (DPL)-owned poles Add 300 poles to standardize lighting across the city 7 Street Light Improvements