Resolution 11741D
CITY OF ALAMEDA RESOLUTION NO. 11741
AUTHORIZING APPLICATION TO THE CALIFORNIA ENERGY
COMMISSION FOR A STREET LIGHT CONVERSION LOAN
WHEREAS, in 1981 the State Energy Commission authorized a
low interest loan to the City of Alameda for conversion of
incandescent and mercury vapor lights to High Pressure Sodium
(H.P.S.); and
WHEREAS, using funds from the State Energy Commission
loan, together with a loan from the Bureau of Electricity and
various grants and taxes, $820,737 was spent on two phases of
conversion of 3,526 street lights,the latter phase having been
completed in January 1989; and
WHEREAS, these projects have resulted in both annual
savings of approximately $118,683 and an increase in lighting
levels; and
WHEREAS, a third phase to convert an additional 491
streetlights, with an April 1990 completion date, is
contemplated and will require application for a loan from the
California Energy Commission up to the amount of $158,400 at an
interest rate of 8.42%; and
WHEREAS, a payment schedule would ensue, as follows:
$12,721.05 to be paid December 22, 1990; and payments in the
same amount to be paid semi-annually thereafter on June 22 and
December 22 until final payment on June 22, 2000; and
WHEREAS, these payments would be made from savings on the
City's electric bills;
NOW, THEREFORE, BE IT RESOLVED, that the City Council of
Alameda authorizes the application to the California Energy
Commission for a loan up to the amount of $158,400, at an
interest rate of 8.42%, and
: >t-
. w BE IT FURTHER RESOLVED, that the City Council of Alameda
:z authorizes the Public Works Director to execute all necessary
.m
.0 documents to implement and carry out the purposes of this
resolution.
I, the undersigned, hereby certify that the foregoing
Resolution was duly and regularly adopted and passed by
the Council of the City of Alameda in regular meeting
assembled on the 2Oth of June, 1989,
by the following vote to wit:
AYES: Councilnembers Camicia, Withrow and Acting
President Arnerich - 3.
NOES: None.
ABSENT: Councilmember Thomas and Mayor Corica 2.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the official seal of said City this 21st day of
June, 1989.
City Clerk of the City of Alameda