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cn: � <br />ESSENTIAL USE CERTIFICATE <br />Holman Capital Corporation <br />25201 Paseo de Alicia, Suite 290 <br />Laguna Hills, CA 92603 <br />April 6, 2018 <br />Re: Equipment Lease -Purchase Agreement dated April 6, 2018 <br />I, Raul Godinez II, the City Manager of the City of Santa Ana, as lessee (the 'Lessee'), am qualified to <br />answer the questions set forth below regarding the Equipment to be acquired by Lessee in connection <br />with the above -referenced Lease Agreement: <br />1. What is the specific use of the Equipment? <br />The Lessee will purchase existing Southern California Owned Streetlights and retrofit those said <br />lights with LED bulbs. The purchase, warranty and installation of the LED lights is also a <br />component of the project <br />2. What increased capabilities will the Equipment provide? <br />The Lessee, via the retro -fitting of the existing soon to be City -owned Streetlights, will take <br />advantage of lower utility costs upon completion of the project. <br />3. Why is the Equipment essential to your ability to deliver governmental services? <br />Ownership of City streetlights is an essential component of Public Safety for the Community. <br />4. Does the Equipment replace existing equipment? <br />(Ifso, please explain why you are replacing the existing equipment) <br />The purchase will facilitate ownership of existing streetlights along with the retrofit of the said <br />asset, which will reduce energy usage, conserve resources, and decrease operating costs. <br />5. Why did you choose this spec fic Equipment? <br />The streetlights were purchased by the owner of the asset, Southern California Edison. The <br />retrofit of the said streetlights will be conducted by a vendor via the City's competitive Bid <br />process. <br />6. For how many years do you expect to utilize the Equipment? <br />The equipment will be utilized for a period in excess of the term of the loan. <br />D-1 <br />55A-125 <br />