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<br /> <br /> <br /> Agreements with Sierra Pacific Electrical and SCE <br /> to Provide, Install, and Fund LED Street Lights <br /> January 22, 2013 <br /> Page 3 <br /> <br /> <br /> <br /> ENVIRONMENTAL IMPACT <br /> <br /> Installation of the LED street lights will reduce the city's carbon footprint by approximately 659 <br /> metric tons of CO2, which is the equivalent of removing 137 passenger vehicles from the road. <br /> <br /> <br /> FISCAL IMPACT <br /> <br /> Loan Proceeds received through the SCE On-Bill Financing Program will be deposited into the <br /> Energy Conservation revenue account (16217002-57384) and appropriated into the Energy <br /> Conservation expenditure account (16217630-62300). Loan repayments are available in Account <br /> 01117630-62000. Funds for the City's share of $18,000 that does not meet SCE funding criteria <br /> are available in Account 01117630-62300. <br /> <br /> <br /> APPROVED AS TO FUNDS AND ACCOUNTS: <br /> w <br /> r^- <br /> <br /> <br /> Raul Godinez II Francisco Gutie <br /> Executive Director/ Executive Director/ <br /> Public Works Agency Finance & Management Services Agency <br /> RG/KW <br /> <br /> <br /> Exhibits: 1. Agreement with Sierra Pacific Electrical Contracting <br /> 2. On-Bill Financing Agreement with Southern California Edison <br /> 3. On-Bill Financing and Incentives Summary <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 20D-3 <br />