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Council selects Duke Energy lighting lease for Town Park walkways after net-present-value comparison
Summary
Council voted 4-1 to accept Duke Energy—s proposal to install 14 pedestrian-scale LED lights on park walkways under a lease that spreads cost over time; staff presented an NPV comparison showing similar lifetime costs for Duke and a local contractor.
The Town Council voted to accept Duke Energy—s proposal to provide 14 LED pedestrian-scale lights for walkways connecting Town Park parking, the crosswalk to Lynnville Road and the new farmhouse grounds. Council considered two proposals: an Oak Ridge Electric up-front installation estimate of $44,045 for bollard-style lighting, and Duke Energy—s leased traditional acorn-style pedestrian poles with a monthly lease fee.
Town staff and…
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