20B - AA-AGMT STADIUM LIGHTING - Laserfiche WebLink

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REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: OCTOBER 1, 2019 TITLE: APPROVE AGREEMENT WITH ELECTRO CONSTRUCTION FOR A LIGHTING RETROFIT PROJECT AT SANTA ANA STADIUM FOR AN AMOUNT NOT TO EXCEED $501,167.70 AND APPROVE AN ON -BILL FINANCING AGREEMENT WITH SOUTHERN CALIFORNIA EDISON FOR AN AMOUNT NOT TO EXCEED $249,483.61 PLUS $37,422.54, IF NEEDED, AND APPROVE AN APPROPRIATION ADJUSTMENT FOR $63,000 {STRATEGIC PLAN NO. 6, 2A} CLERK OF COUNCIL USE ONLY: APPROVED ❑ As Recommended ❑ As Amended ❑ Ordinance on 111 Reading ❑ Ordinance on 2i1 Reading ❑ Implementing Resolution ❑ Set Public Hearing For_ CONTINUED TO /s/ Kristine Ridge FILE NUMBER CITY MANAGER RECOMMENDED ACTION 1. Authorize the City Manager to execute an agreement with Electro Construction for the lighting retrofit project at the Santa Ana Stadium for an amount not to exceed $501,167.70, which includes a 15% contingency, for the period October 1, 2019 to September 30, 2020 to be funded by an on -bill financing loan with Southern California Edison, incentive rebates and the Acquisition and Development District 2 fund, subject to non -substantive changes approved by the City Manager and City Attorney. 2. Authorize the City Manager to execute an on -bill financing agreement with Southern California Edison (SCE) to provide a loan in an amount up to $249,483.61 plus an additional 37,422.54, if needed, in no -interest On -Bill Financing (OBF) that will partially fund the lighting retrofit project at the Santa Ana Stadium, subject to non -substantive changes approved by the City Manager and City Attorney. 3. Approve an appropriation adjustment of $63,000 received in the current fiscal year (FY 19- 20) to the Acquisition and Development District 2 revenue account (no. 31213002 53300) and to the Residential Development District 2 expenditure account (no. 31213260 66220). 20B-1