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Contract Award to Install LED Lighting Fixtures and Agreement for On -Bill Financing Loans <br />August 1, 2017 <br />Page 3 <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item allows the City to meet Goal #6 - Community Health, Livability, Engagement & <br />Sustainability, Objective #2 (Address deferred maintenance on City buildings and equipment), <br />Strategy A (Prepare a Deferred Maintenance Plan that assesses safety, adequacy, and liability <br />implications, and estimates repair costs to be programmed in the responsible agency's future <br />budget). <br />FISCAL IMPACT <br />Funds for the loan repayments for a maximum amount of $92,077.83 will be included in the <br />following account: <br />Accounting Unit <br />Civic Center Maint. (0741 <br />Accounting Unit <br />Park Maint. (0111 <br />, <br />Gerardo Mouet <br />Executive Director <br />Parks, Recreation and Community <br />Services Agency <br />FY 17/18 -FY 22/23 <br />$42,889.02 ($7,458.96 An <br />FY 17/18 -FY 24/25 <br />$46,515.81 ($6,00' <br />Annual) <br />FY 23/24 Total <br />$2,430.05 $45,319.07 <br />FY 25/26 Total <br />$242.95 $46,758.76 <br />AS TO FUNDS AND ACCOUNTS: <br />Finance and Management Services Agency <br />M <br />EXHIBITS: 1. Abstract of Bids <br />2. SCE Notice of Approval — Incentive (Civic Center Parking Garage and Stadium) <br />3. SCE Notice of Approval — OBF Loan (Civic Center Parking Garage and Stadium) <br />4. OBF Loan Agreement — Sample Form <br />22A-3 <br />