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Agreements to Install Post Top LED Streetlights <br />December 2, 2014 <br />Page 3 of 3 <br />SARTC Parking Structure Provide & Install <br />Rank <br />Proposer <br />Location <br />1 <br />Amiran Construction <br />Tustin, CA <br />2 <br />Sylvania Lighting Services <br />Danvers, MA <br />3 <br />VT Electric <br />Ontario, CA <br />Based on the applications submitted to SCE for the three projects, the City is eligible for $78,167 <br />in energy efficiency incentives and $340,297 in financing through the OBF Program (Exhibit 2). <br />The payback period varies from five to eight years, depending on the lighting fixture. Completion <br />of these LED projects will reduce the City's annual energy costs by approximately $41,000. <br />The proposed LED fixtures have an average energy savings of 67% compared to the existing <br />HPS lamps. In addition, LED lighting provides more illumination and visible light than <br />conventional lighting and has an expected useful life of over 15 years. The energy savings from <br />the project will reduce the City's carbon footprint by 336 metric tons of CO2 annually, which is the <br />equivalent of removing 71 passenger cars from the road. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #5 Community Health, Livability, <br />Engagement & Sustainability; Objective #2 (expand opportunities for conservation and <br />environmental sustainability). <br />ENVIRONMENTAL IMPACT <br />A Categorical Exemption has been filed for this project. <br />FISCAL IMPACT <br />Utility expenditures do not increase during the OBF payback period; therefore, this action will not <br />impact the General Fund. Loan Proceeds will be deposited in the Energy Conservation revenue <br />account (16217002- 57384) and appropriated into the Energy Conservation expenditure account <br />(16217630- 62300). Funds for loan repayments are available in the Public Works Streetlight <br />Maintenance - Utilities account (01117630- 62000). <br />trek! / JL� <br />Mousavipour <br />Executive Director <br />Public Works Agency <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />Exhibits: 1. Photo - Single and Double Post Top Streetlights <br />2. Savings and Incentives Summary <br />411W - <br />