Laserfiche WebLink
REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />JANUARY 22, 2013 <br />TITLE <br />AGREEMENTS WITH SIERRA PACIFIC <br />ELECTRICAL CONTRACTING TO <br />PROVIDE AND INSTALL LED STREET <br />LIGHTS AND SOUTHERN CALIFORNIA <br />EDISON TO PROVIDE NO-COST <br />FUNDING FOR LED STREET LIGHTS <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />? As Recommended <br />? As Amended <br />? Ordinance on 1s' Reading <br />? Ordinance on 2"d Reading <br />? Implementing Resolution <br />? Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />1. Authorize the City Manager and Clerk of the Council to execute the following agreements, <br />subject to non-substantive changes approved by the City Manager and City Attorney: <br />a) Sierra Pacific Electrical Contracting to provide and install 1,123 LED street lights for an <br />amount not to exceed $700,000 (Exhibit 1). <br />b) Southern California Edison to provide no-cost funding through On-Bill Financing for the LED <br />street lights (Exhibit 2). <br />2. Approve an appropriation adjustment recognizing $693,027 in funding from Southern California <br />Edison into the Energy Conservation revenue account (16217002-57384) and appropriating <br />the same amount to the Energy Conservation expenditure account (16217630-62300) for the <br />installation of LED street lights. <br />DISCUSSION <br />In August 2011, the City Council awarded a pilot contract to install 253 energy-efficient LED street <br />lights on Main Street and Edinger Avenue, in an effort to reduce street light energy costs. That <br />project has proven to be successful, as evidenced by a 50 percent energy savings this past year. <br />As a result, staff has developed a new project involving the replacement of 1,123 City-owned <br />safety lights with energy-efficient LED lamps at traffic signalized intersections. <br />Staff investigated financing this project and submitted an application for funding through Southern <br />California Edison's (SCE) On-Bill Financing (OBF) Program. The OBF program provides zero <br />percent financing for approved energy-reduction projects. The funds are repaid by the energy <br />savings on our electric bill over a short payback period. This financing mechanism is being <br />successfully used on the pilot project with a projected payback of five years. A five-year payback <br />period is also projected for the new street light project. <br />20D-1