HomeMy WebLinkAbout20A - AA - LED STREET LIGHTS
REQUEST FOR "4
11
COUNCIL ACTION
CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY:
APRIL 16, 2012
TITLE APPROVED
APPROPRIATION ADJUSTMENT FOR ? As Recommended
LED STREET LIGHTS ? As Amended
? Ordinance on 1" Reading
? Ordinance on 2nd Reading
? Implementing Resolution
? Set Public Hearing For
CONTINUED TO
FILE NUMBER
CITY MANAGER
RECOMMENDED ACTION
Approve an appropriation adjustment recognizing $157,378 in funding from Southern California
Edison (accounting unit 01117002-57384) and appropriating the same amount to the Street
Lighting Program (accounting unit 01117630-66220) for the installation of LED street lights.
DISCUSSION
In August 2011 the Council approved the installation of energy-efficient LED street lights on Main
Street and Edinger Avenue. The project was funded through Southern California Edison's (SCE)
new On-Bill Financing Program. Through this program the City receives zero percent financing for
approved energy reduction projects. The costs are repaid from energy savings over a period of
ten years.
Installation of the lighting has been completed at a cost of $161,920. The City will receive an
incentive of $18,266 and will utilize the on-bill financing to finance $139,112. The remaining
$4,542 will be paid by the City. Payment to the contractor will be made through the City with
monies paid by SCE. Replacement of the older high-pressure sodium lamps with the energy
efficient LED street lights is reducing the city's annual energy consumption by 228,330 kWh, and
energy costs in the general fund by approximately $27,400.
20A-1
Appropriation Adjustment
For LED Street Lights
April 16, 2012
Page 2
FISCAL IMPACT
The appropriation adjustment will recognize additional revenue of $157,378 from Southern
California Edison in the general fund (accounting unit 01117002-57384) and appropriate the
same amount to the Street Lighting Program (accounting unit 01117630-66220) to pay for the
street lighting retrofits.
APPROVED AS TO FUNDS AND ACCOUNTS:
Raul Godinez II Francisco Gutierrez
Executive Director/ Executive Director/
Public Works Agency Finance & Management Services Agency
RGITLC
Exhibits: 1. Appropriation Adjustment
20A-2