Street Light replacement programme
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Long Stratton Town Council unanimously resolved to take out an interest free Salix loan in order to replace all street lights with LED; this includes a small contingency to replace the lights at the MUGA. The loan will be re-payed over 5 years through the savings made on the running costs of the street lights. It was resolved to seek the approval of the Secretary of State for Housing, Communities & Local Government to apply for a PWLB loan of £22,946.40 over the borrowing term of 5 years for a Salix loan to replace all Council owned street lighting. The loan will be repaid back via the savings made from the reduction in the electricity and maintenance costs from converting to LED lights. The annual loan repayments will come to around £5,100. It is not intended to increase the council tax precept for the purpose of the loan repayments.
The work will see the green footprint of Long Stratton reduce as well as savings to the public purse once the loan has been repaid. The work is due to be completed by the end of the Calendar year.
Please contact the Clerk if you have any questions.