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<br /> <br /> <br /> Agreements with Sierra Pacific Electrical and SCE <br /> to Provide, Install, and Fund LED Mast Arm Streetlights <br /> September 3, 2013 <br /> Page 2 <br /> <br /> <br /> <br /> Twelve of the original installation locations involving 39 street lights did not meet SCE funding <br /> criteria. However, staff subsequently negotiated with SCE to obtain approval of those 39 <br /> streetlights and identified 22 additional streetlights at 6 more sites. The installation agreement with <br /> Sierra Pacific Contracting requires an increase of $15,000 to cover the amended contract cost. <br /> SCE will fund the installation of the 61 streetlights through an additional $7,409 in incentives, and <br /> $29,680 in OBF, for a total of $37,089. Payback for the financed portion of this project is estimated <br /> to be about five years. <br /> <br /> ENVIRONMENTAL IMPACT <br /> <br /> Installation of the additional 22 LED streetlights will save an estimated 20,000 kWh annually. This <br /> savings translates to a reduction of the city's carbon footprint by approximately 14.1 metric tons of <br /> CO2, which is the equivalent of removing 2.9 passenger vehicles from the road. <br /> <br /> FISCAL IMPACT <br /> <br /> Loan proceeds received through the SCE On-Bill Financing Program will be deposited in the <br /> Energy Conservation revenue account (No. 16217002-57384) and appropriated into the Energy <br /> Conservation expenditure account (No. 16217630-62300). Loan repayments are available in <br /> Account No. 01117630-62000. <br /> <br /> <br /> APPROVED AS TO FUNDS AND ACCOUNTS: <br /> <br /> <br /> <br /> <br /> Edwin "William" Galva Francisco Gutierrez <br /> Interim Executive Di ctor Executive Director <br /> Public Works Agency Finance & Management Services Agency <br /> EWG/KW <br /> <br /> <br /> Exhibits: 1. Amendment to agreement with Sierra Pacific Electrical Contracting <br /> 2. On-Bill Financing Agreement with Southern California Edison <br /> 3. Streetlight Location Summary <br /> 4. Photo - Typical Mast Arm Streetlight <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 20D-2 <br />