20A - AA - LIGHTING DT PARKING STRUCTURES

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Contract Award for Downtown Parking Structures LED Retrofit October 6, 2015 Page 3 (complete the City's Climate Action Plan with measures to address water conservation, energy efficient buildings (City and community) and greenhouse gas emissions. Include as part of the plan an awareness outreach component), Goal #6 Community Facilities & Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City assets), Strategy C (invest resources and technology to extend the service life of existing infrastructure to protect the City's investment and support a high quality of life standard) and Objective #2 (address deferred maintenance on City buildings and equipment) Strategy A (prepare a deferred Maintenance Plan that assesses safety, adequacy, and liability implications, and estimates repair costs to be programmed in the responsible agency's future budget). ENVIRONMENTAL IMPACT The energy savings from the project will reduce the City's carbon footprint by 160 metric tons of CO2 annually, which is the equivalent of removing 34 passenger cars from the road. FISCAL IMPACT The Appropriation Adjustment will recognize up to $184,092 in funding from Southern California Edison into the Parking Fund Miscellaneous Income revenue account (no. 02710002 - 57990) and appropriate up to $184,092 in the Parking Facilities Contract Services- Professional expense account (no. 02710132 - 62300). Funds for the remaining balance of the project in the amount of $32,328 are budgeted and available in Parking Facilities Contract Services- Professional expense account (no. 02710132- 62300). APPROVED AS TO FUNDS AND ACCOUNTS: Francisco Gutierrez Executive Director Finance and Management Services Agencc AR /sp Exhibits: 1. Abstract of Bids 2. Cost /Funding Analysis 3. Savings and Details Breakdown 4. Sample On -Bill Financing Agreement with Southern California Edison 20A -3