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The Town is now converting its streetlights that it recently purchased from EMERA to LED’s. Also included in the contractor’s work will be the conversion to LED’s the lights which are located in the Town’s Parking lots, its public parks and the decorative lights on Main St. The project was approved by the Town Council in June and involved purchasing the old lights at the tops of the poles from Emera and then choosing the types of LED’s for the different light locations. RealTerm Energy, the Project Manager for the Town, estimated that annual operating costs will likely be reduced by over 60% from the current levels of $70,000 per year. Total cost of this LED conversion will be approximately $370,000 and will be paid for over 3 years by a capital lease arrangement paid for by the newly acquired monies in the Parking Fund.