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20A - AA - LIGHTING DT PARKING STRUCTURES
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10/06/2015
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20A - AA - LIGHTING DT PARKING STRUCTURES
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Last modified
10/1/2015 3:21:55 PM
Creation date
10/1/2015 3:01:01 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
20A
Date
10/6/2015
Destruction Year
2020
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On -Bill Financing Agreement <br />Local Government/institutional Customer Projects <br />This On -Bill Financing Agreement ( "OBF Agreement ") is entered into on 20_ <br />(the "Effective Date ") by and between the undersigned customer ( "Customer ") and Southern <br />California Edison Company ( "SCE ") (each a "Party," collectively the "Parties "). <br />Recitals <br />1. Customer and SCE entered into the Energy Management Solutions Incentives Application for <br />Business Customers on or about _, 20 and if applicable, the Customized Solutions <br />Agreement (individually or collectively referred to as "EMS Agreement"), which is /are attached <br />hereto and incorporated herein by reference. <br />2. Customer owns, leases or rents the property listed in the EMS Agreement as the Site and <br />maintains a service account(s) with SCE for electric service. Customer has completed installation <br />of eligible energy efficient equipment ( "Equipment ") at the Site as set forth in the EMS Agreement <br />and has accepted the equipment as being operational and in good working order. <br />3. In Decision 12 -11 -015, the California Public Utilities Commission authorized SCE to provide zero - <br />percent interest financing for the installation of certain energy efficient equipment, which is to be <br />repaid over a specified period through the Customer's electric utility bill(s) ( "On -Bill Financing "). <br />4. Customer desires to enter into this OBF Agreement in order to participate in SCE's On -Bill <br />Financing program and Customer agrees to repay SCE the Amount Financed (as defined under <br />"Loan Terms ", below) through the Customer's SCE utility bill(s) pursuant to the terms and <br />conditions of this OBF Agreement. <br />NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the <br />Parties agree as follows: <br />Terms and Conditions <br />Defined Terms: Except as the context otherwise requires, capitalized terms used in this OBF <br />Agreement without definition shall have the same meanings as are set forth in the EMS Agreement, <br />Amount Financed: Within thirty (30) days after the Effective Date, SCE will provide a payment for <br />the Amount Financed to Customer or to a third -party payee designated by Customer under the Loan <br />Terms, below. Customer's designation of a third -party payee may not be changed or revoked. <br />Loan Terms: <br />Amount Financed ( "Amount Financed "): <br />Interest Rate: <br />Fees: ---- - - - - -- — - <br />- -- — ----------------- - - - - -- <br />Months to Pay: <br />First Month Payment _ <br />Remaining Monthly Payments _ <br />Service Account to be Billed': <br />Designated Third -Party Payee (if any): <br />Address of Designated Third Party Payee: <br />If more than one Service Account will be billed, information regarding the Service Account <br />number and monthly payment is included in Schedule A attached. <br />Form 14 -914 EXHIBIT 4 <br />1/2013 <br />20A -11 <br />
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