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COST /FUNDING ANALYSIS <br />PROJECT COSTS <br />California Professional Engineering, Inc. <br />Contract Base Price $ 512,450 <br />LED Lighting provided by the City 78,506 <br />Contingency 20,000 <br />TOTAL ESTIMATED PROJECT COST $ 610,956 <br />PROJECT FUNDING <br />CITY FUNDS (General Fund) 408,607 <br />SOUTHERN CALIFORNIA EDISON <br />OBF Financing $ 183,919 <br />Partnership Incentive 18,430 <br />Subtotal SCE Estimated Funding $ 202,349 " <br />TOTAL PROJECT FUNDING $ 610,956 <br />Final SCE funding is based on actual energy savings measured after project is <br />completed. Council Action provides for up to $230,000. <br />25D -25 <br />