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25S - AGMT ON-BILL FINANCING LOAN
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25S - AGMT ON-BILL FINANCING LOAN
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Last modified
12/13/2018 8:37:22 PM
Creation date
12/13/2018 8:28:53 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
25S
Date
12/18/2018
Destruction Year
2023
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Contract Award to Install LED Lights and Controls <br />PD Administration Building, On -Bill Financing <br />December 18, 2018 <br />Page 3 <br />ENVIRONMENTAL IMPACT <br />In accordance with the California Environmental Quality Act, the recommended actions are exempt <br />from further review. A Notice of Exemption will be filed for this project. <br />FISCAL IMPACT <br />The following is the spending plan for the Police Department Administration Building Lighting and <br />Controls Retrofit project: <br />Payment from SCE to Contractor, Energy Retrofit Co.: <br />Description Fiscal Year Amount <br />Cash Incentives 2018-2019(January) $115,348 <br />OBF Proceeds 2018-2019(January) $587,034 <br />Total $702,382 <br />Loan Repayment to SCE (if total loan amount is utilized): <br />Description <br />Fiscal Year <br />Amount <br />Account <br />First Payment of $3,355 <br />2018-19 Jan. or Feb <br />$3,355 <br />01114403-67003 <br />PD Building & Facility, <br />OBF Payment <br />Remaining 113 Monthly <br />Payments of $5,165.30 <br />2018-19 through 2028-29 <br />$583,679 <br />Total <br />$587,034 <br />A contingency of $15,000 was approved by City Council at the September 4, 2018, Council <br />Meeting. This amount covers any additional costs authorized by the City for lighting improvements, <br />not qualified by SCE. The contingency is budgeted and available for expenditure in FY 2018-19 in <br />the Police Department Building and Facility account for contract services (Account No. 01114403- <br />62300)._ <br />e2 APPROVED AS TO FUNDS AND ACCOUNTS: <br />�� @0VM3 <br />Fuad S. Sweiss, PE, PLS Kathryn Downs, CPA � � .,y 241,5 <br />Exegutl Director Executive Director <br />Public irks Finance and Management Services Agency <br />FS:JA:CK:SS <br />Exhibit: 1. Contract Amendment <br />25S-3 <br />
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