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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 />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 />ENVIRONMENTAL IMPACT <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 />FISCAL IMPACT <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 />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Edwin "William" Galve Francisco Gutierrez <br />Interim Executive Dip6ctor Executive Director /�_ <br />Public Works Agency Finance & Management Services Agency <br />'y <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 />20D -2 <br />