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HomeMy WebLinkAbout07/20/2016 7M AGENDA BILL � � CITY OF BREMERTON CITY COUNCIL SUBJECT: Energy Efficiency Grant from Study Session Date: July 13, 2016 the Departmenf of Commerce for Puget COUNCIL MEETING Date: July 20, 2016 Sound Energy (PSE) Street Light LED Department: PW&U Retrofit Project Presenter: Chal Martin Phone: 360-473-5758 SUMMARY: The City has been awarded a grant from the State Department of Commerce for the retrofit of 531 city-owned street light to LED lights. The lights will pay for themselves in in the next six years and will continue to save money for the subsequent 15 years, both in energy and in maintenance. The LED fixtures are much more reliable, have a much longer lifespan, and require much less maintenance than the old fixtures. ATTACHMENTS: 1)Agreement , FISCAL IMPACTS (Include Budgeted Amount): Total project is $268,745.00. We will receive a grant from Commerce for$74,512 and a PSE rebate of$54,233. This leaves a balance of $140,000 which will be paid off in less than 6 years and can be "financed" with the electrical savings. STUDY SESSION AGENDA: Ox No Presentation ❑ Full Presentation STUDY SESSION ACTION: ❑x Consent Agenda ❑ General Business ❑ Public Hearing RECOMMENDED MOTION: Move to accept the Energy Efficiency Grant from Department of Commerce; and authorize the Mayor to finalize and execute the agreement with substantially the same terms and conditions as presented. COUNCIL ACTION: �Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action Form Updated 01/07115