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Award an Agreement for the Lighting Retrofit Project at the Santa Ana Stadium and Agreement <br />for On -Bill Financing and Appropriation Adjustment <br />October 1, 2019 <br />Page 4 <br />The remaining amount of $63,000 requires City Council approval to appropriate funds received in <br />the current fiscal year (FY 19-20) in the following account: <br />Fiscal <br />Accounting <br />Accounting Unit, Account <br />Year <br />Unit- <br />Fund Description <br />Description <br />Amount <br />Account # <br />31213002- <br />Acquisition and <br />Revenue, Acquisition and <br />FY 19-20 <br />53300 <br />Development <br />Development, <br />$63,000 <br />Ac . and Dev. Fees <br />31213260- <br />Acquisition and <br />Expenditure, Acquisition and <br />FY 19-20 <br />66220 <br />Development <br />Development, Improvements <br />$63,000 <br />Other Than Building <br />The final loan amount will be determined at the end of the project and therefore the amount <br />funded by the City may be more or less than $231,758.22, but will not exceed the amount of the <br />agreement to the vendor. <br />On -Bill Financing: The anticipated payback period starts in July 2020. Funds for the loan <br />repayments will be budgeted and made available in the following account: <br />Fiscal <br />Accounting <br />Fund <br />Accounting Unit, Account <br />Year <br />Unit -Account # <br />Description <br />Description <br />Amount <br />FY 20-21 <br />01113250- <br />General <br />PRCSA-Park Facilities <br />$24,948.36Near <br />to <br />67003 <br />Fund <br />OBF Payment <br />$249,483.61 Total <br />FY 29-30 <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Lisa Rudloff Kathryn Downs, CPA <br />Executive Director Executive Director <br />Parks, Recreation, and Community Services Finance and Management Services Agency <br />Agency <br />Exhibits: 1. Agreement with Electro Construction <br />2. OBF Loan Agreement — Sample Form <br />