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<br /> <br /> <br /> <br /> REQUEST FOR "4 <br /> 11 <br /> COUNCIL ACTION <br /> <br /> CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: <br /> <br /> APRIL 16, 2012 <br /> TITLE APPROVED <br /> APPROPRIATION ADJUSTMENT FOR ? As Recommended <br /> LED STREET LIGHTS ? As Amended <br /> ? Ordinance on 1" Reading <br /> ? Ordinance on 2nd Reading <br /> ? Implementing Resolution <br /> ? Set Public Hearing For <br /> CONTINUED TO <br /> FILE NUMBER <br /> CITY MANAGER <br /> <br /> <br /> RECOMMENDED ACTION <br /> <br /> Approve an appropriation adjustment recognizing $157,378 in funding from Southern California <br /> Edison (accounting unit 01117002-57384) and appropriating the same amount to the Street <br /> Lighting Program (accounting unit 01117630-66220) for the installation of LED street lights. <br /> <br /> <br /> DISCUSSION <br /> <br /> In August 2011 the Council approved the installation of energy-efficient LED street lights on Main <br /> Street and Edinger Avenue. The project was funded through Southern California Edison's (SCE) <br /> new On-Bill Financing Program. Through this program the City receives zero percent financing for <br /> approved energy reduction projects. The costs are repaid from energy savings over a period of <br /> ten years. <br /> Installation of the lighting has been completed at a cost of $161,920. The City will receive an <br /> incentive of $18,266 and will utilize the on-bill financing to finance $139,112. The remaining <br /> $4,542 will be paid by the City. Payment to the contractor will be made through the City with <br /> monies paid by SCE. Replacement of the older high-pressure sodium lamps with the energy <br /> efficient LED street lights is reducing the city's annual energy consumption by 228,330 kWh, and <br /> energy costs in the general fund by approximately $27,400. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 20A-1 <br />