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Payment Authorization To Procure America For <br />Electrical Utility Cost Reduction Services <br />March 21, 2017 <br />Page 2 <br />At this juncture, staff is requesting the City Council to authorize a payment in the amount of <br />$74,839.81 to Procure America per Invoice #6 -1604 representing Procure America's share of <br />$112,259.72 in electric bill savings generated for the billing cycle covering August 2015 through <br />November 2016 (Exhibit 3). <br />The savings were generated at the following City locations: <br />All payments to Procure America are funded by the City's electric utility cost savings generated <br />under the agreement. Since savings are used to compensate Procure America, City staff verifies <br />reported savings by reviewing relevant SCE electric bills and other supporting documents using <br />an audit procedure that has been vetted by the City's Finance Department before payments to <br />Procure America are approved. <br />29B -2 <br />Am�ritoF <br />Lf a1 ion <br />M,�i n 1 <br />Water Wells (Various) <br />$24,477.94 <br />Dan Young Complex <br />$20,964.38 <br />Football Field Lights <br />$5,717.78 <br />Cabrillo Tennis <br />$4,904.65 <br />Police Facilities <br />$4,839.53 <br />Adams Park <br />$3,392.52 <br />City Hall <br />$2,903.67 <br />Tennis Center <br />$2,680.93 <br />Santiago Ballfield <br />$2,388.72 <br />Centennial Park <br />$1,388.90 <br />Traffic Signals (Various) <br />$478.12 <br />Bike Trails (Various) <br />$246.36 <br />Stadium <br />$125.64 <br />Birch Park <br />$115.37 <br />Sasscer Park <br />$113.22 <br />Santiago Park <br />$102.08 <br />TOTAL <br />$74,839.81 <br />All payments to Procure America are funded by the City's electric utility cost savings generated <br />under the agreement. Since savings are used to compensate Procure America, City staff verifies <br />reported savings by reviewing relevant SCE electric bills and other supporting documents using <br />an audit procedure that has been vetted by the City's Finance Department before payments to <br />Procure America are approved. <br />29B -2 <br />