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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />APRIL 16, 2012 <br />TITLE <br />APPROPRIATION ADJUSTMENT FOR <br />LED STREET LIGHTS <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />? As Recommended <br />? As Amended <br />? Ordinance on Vt Reading <br />? Ordinance on 2nd Reading <br />? Implementing Resolution <br />? Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Approve an appropriation adjustment recognizing $157,378 in funding from Southern California <br />Edison (accounting unit 01117002-57384) and appropriating the same amount to the Street <br />Lighting Program (accounting unit 01117630-66220) for the installation of LED street lights. <br />DISCUSSION <br />In August 2011 the Council approved the installation of energy-efficient LED street lights on Main <br />Street and Edinger Avenue. The project was funded through Southern California Edison's (SCE) <br />new On-Bill Financing Program. Through this program the City receives zero percent financing for <br />approved energy reduction projects. The costs are repaid from energy savings over a period of <br />ten years. <br />Installation of the lighting has been completed at a cost of $161,920. The City will receive an <br />incentive of $18,266 and will utilize the on-bill financing to finance $139,112. The remaining <br />$4,542 will be paid by the City. Payment to the contractor will be made through the City with <br />monies paid by SCE. Replacement of the older high-pressure sodium lamps with the energy <br />efficient LED street lights is reducing the city's annual energy consumption by 228,330 kWh, and <br />energy costs in the general fund by approximately $27,400. <br />20A-1