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Contract Award to Install LED Lights and Light Controls <br />Agreement for On -Bill Financing Loan <br />December 6, 2016 <br />Page 3 <br />Bids were received on October 5, 2016 and were opened and evaluated (Exhibit 4). The bid <br />received from Pacific Lighting Management Inc., a Santa Ana vendor, is responsive to the <br />specifications and meets the City's requirements. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports City efforts to meet Strategic Plan Goal #4 — City Financial <br />Stability, Objective 3 (achieve a structurally balanced budget) Strategy D (explore innovative <br />revenue and cost recovery strategies) and Goal #6 Community Facilities & Infrastructure: <br />Objective 2 (address deferred maintenance on City buildings and equipment) Strategy A <br />(prepare a Deferred Maintenance Plan that assesses safety, adequacy, and liability implications, <br />and estimates repair costs to be programmed in the responsible agency's future budget). <br />ENVIRONMENTAL IMPACT <br />In accordance with the California Environmental Quality Act, the recommended actions are <br />exempt from further review. A Notice of Exemption will be filed for this project. <br />FISCAL IMPACT <br />Cash incentives and loan proceeds received through the SCE On -Bill Financing Program will be <br />deposited into the Finance and Management Services Agency (FMSA) SCE Programs and <br />Grants revenue account (16210002- 57384) and appropriated into the FMSA SCE Building <br />Maintenance Projects account (16210100- 62300). Funds for the loan repayments will be <br />included in the following fiscal years' budget in the Building Maintenance Utilities account <br />(07310100- 62000). <br />Fiscal Year Amount Account <br />2016-17 (December — June) $45,602 16210100 -62300 <br />2017 -18 (July— November) $32,573 16210100 -62300 <br />Loan Repayment <br />Fiscal Year Amount <br />2016 -17 (December —June) $ 2,094 <br />2017 -18 $ 5,683 <br />2018- 19thru 2025 -26 $ 57,424 <br />( $7,178 annually ) <br />2026 -27 $ 6,584 <br />22C -3 <br />Account <br />07310100 -62000 <br />07310100 -62000 <br />07310100 -62000 <br />07310100 -62000 <br />