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Agreement Authorizing <br />Energy Efficiency Improvements <br />Funded by the ARRA <br />September 8, 2009 <br />Page 3 <br />FISCAL IMPACT <br />The cost of the improvements will be $3,267,500. These improvements will <br />be paid by the Energy Efficiency and Conservation Block Grant Funds. With <br />the completion of this project, the City can expect to generate <br />$2,050,671 in savings and rebates over the next 10 years. <br />George Alvarez <br />Acting Executive Director <br />Public Works Agency <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez <br />Executive Director <br />Finance & Mgmt. Services Agency <br />25D-3 <br />