TITLE
Recommendation to authorize City Manager, or designee, to execute all documents necessary to enter into On-Bill Financing agreements with Southern California Edison, and any other necessary documents, to fund the conversion of the City’s outdoor lights at the Long Beach Marine Parking Lot and adjacent areas, and the Long Beach Convention Center Parking Lot;
Increase appropriations in the Tidelands Fund (TF) in the Public Works Department (PW) by $363,000; and
Accept Categorical Exemptions CE-17-213 and CE-17-214.
(District 2)
DISCUSSION
City Council approval is requested to enter agreements with Southern California Edison (SCE) for On-Bill Financing (OBF) to help fund the installation of Light Emitting Diode (LED) fixtures for the Long Beach Marine (Marina Green) and Long Beach Convention Center Parking Lots. OBF is a financial mechanism that enables SCE customers to finance qualified energy efficiency projects. SCE's OBF program provides zero-interest, no-fee loans that will be repaid through the City's monthly energy bills. The City Council previously approved use of this financial mechanism in December 2015 for converting the City’s streetlights to LED, and in June 2017 for improvements at six regional parks.
The City’s contractor, City Light & Power (CLP), completed the LED retrofit of traffic safety intersection lights and is making significant progress in converting nearly 24,000 of the City’s streetlights to LED, which is scheduled to be completed by the end of 2017.
These projects are also eligible to receive financial incentives from SCE that will lower the capital costs of the project.
The projects consist of light replacements at two sites:
1) Marina Green Parking Lot (Exhibit A) and adjunct areas will retrofit approximately 73,250 Watt Metal-halide lights to LED fixtures, at an estimated cost of $144,000, inclusive of project-related expenses such as project management and inspection.
2) Long Beach Convention Center Parking Lot (Ex...
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