In a collaborative effort between residents and City Hall, street lights will be installed along a dim stretch of Georgina Avenue from Fourth to Seventh streets. Residents there circulated a petition amongst their neighbors, the majority of which voted in favor of adding lighting to the area.
The total cost for the project is expected to be $172,050, with 50 percent of the tab to be picked up by residents in the form of an assessment. Property owners will have two options to pay. They can pay the entire balance, without incurring any interest, in 30 days of receiving an invoice, or they can make payments over a 10 year period. Under the second option, bonds will be issued for the unpaid amounts and a lien will be placed upon the property until the full assessment costs, including interest, have been paid. Payments will be made twice a year with an annual interest rate equal to 8 percent.
Originally published in the Santa Monica Daily Press print edition on November 13, 2007. Read the original PDF.