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20B - AA - AGMT - STREET LIGHT IMPROVEMENTS
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06/17/2014
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20B - AA - AGMT - STREET LIGHT IMPROVEMENTS
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Last modified
6/12/2014 3:52:34 PM
Creation date
6/12/2014 3:43:06 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
20B
Date
6/17/2014
Destruction Year
2019
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On -Bill Financing Agreement <br />This On -Bill Financing Agreement to ( "OBF Agreement ") is entered into on 20 <br />(the "Effective Date ") by and between the undersigned customer ( "Customer ") and Southern California <br />Edison Company ( "SCE ") (each a "Party," collectively the "Parties "). <br />Recitals <br />1. Customer and SCE entered into the Energy Management Solutions Incentives Application for <br />Business Customers on or about , 20_ and if applicable, the Customized Solutions <br />Agreement (individually or collectively referred to as "EMS Agreement "), which is /are attached <br />hereto and incorporated herein by reference <br />2. Customer owns, leases or rents the property listed in the EMS Agreement as the Site and <br />maintains a service account with SCE for electric service. Customer has completed installation of <br />certain energy efficient equipment ( "Equipment ") at the Site as set forth in the EMS Agreement <br />and has accepted the equipment as being operational and in good working order. <br />3. In Decision 09 -09 -047, the California Public Utilities Commission authorized SCE to provide zero <br />percent interest financing for the installation of certain energy efficient equipment, which is to be <br />repaid over a specified period through the Customer's electric utility bill ( "On -Bill Financing "). <br />4. Customer desires to enter into this OBF Agreement in order to participate in SCE's On -Bill <br />Financing program and Customer agrees to repay SCE the Amount Financed (as defined under <br />"Loan Terms ", below) through the Customer's SCE utility bill pursuant to the terms and conditions <br />of this OBF Agreement. NOW, THEREFORE, in consideration of the mutual promises and <br />covenants contained herein, the Parties agree as follows: <br />Terms and Conditions <br />Defined Terms: Except as the context otherwise requires, capitalized terms used in this OBF <br />Agreement without definition shall have the same meanings as are set forth in the EMS Agreement. <br />Amount Financed: Within thirty (30) days after the Effective Date, SCE will provide a payment for the <br />Amount Financed to Customer or to a third -party payee designated by Customer under the Loan <br />Terms, below. Customer's designation of a third -party payee may not be changed or revoked. <br />Loan Terms: <br />Amount Financed "Amount Financed" <br />$ .00 <br />Interest Rate: <br />0% <br />Fees: <br />0 <br />Months to Pay: <br />Monthly Payment: <br />$ <br />Service Account to be Billed: <br />Designated Third -Part Payee if any): <br />Address of Designated Third -Part Payee: <br />Southern California Edison <br />411M <br />Form# 14 -791 6/2010 <br />
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