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RESOLUTION NO. 4941
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ARCADIA AUTHORIZING THE ACTING
CITY MANAGER TO ENTER A LOAN AGREEMENT
WITH THE STATE OF CALIFORNIA ENERGY
COMMISSION FOR ENERGY CONSERVATION
ASSISTANCE.
WHEREAS, the Energy Conservation Assistance Act of 1979,
authorizes the California Energy Commission to loan $8 million
in State funds to local government for street light conversion
projects;
WHEREAS, these energy conservation funds were made available
for use January 1, 1981;
WHEREAS, the Public Works Department of the City of Arcadia
desires to apply for a loan pursuant to said Act in the amount of
$99,275 for the purpose of converting 203 incandescent and 401
mercury vapor street lights to energy-conserving high pressure
sodium vapor units;
WHEREAS, this changeover will result in a savings of 304,205
kilowatt hours of electrical power and $24,072.88 per year at
current rates;
WHEREAS, the California Energy Commission requires that each
local entity desiring to participate in this program enter into a
loan agreement, execute a promissory note, and adopt a resolution
prior to March 15, 1981.
NOW, THERE:FORE, the City Council of the City of Arcadia does
hereby resolve as follows:
SECTION 1. That the Acting City Manager and the City Clerk
are hereby authorized to'execute a loan agreement and a promissory
note in accordance with the requirements of the California Energy
Commission pursuant to the Energy Conservation Act of 1979, for the
purposes specified in this resolution.
SECTION 2. The Acting City Manager and City Clerk are authorized
to execute any and all additional documentation necessary to procure
the loan proceeds as specified herein.
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SECTION 3. That the Clerk of the Council shall certify to
the adoption of this resolution.
I HEREBY CERTIFY that the foregoing resolution was adopted at
a regular meeting of the City Council of the City of Arcadia held
on the 3rd day of March, 1981, by the affirmative vote of at
least three Councilmen, to wit:
AYES:
NOES:
ABSENT:
Councilmen Dring, Gilb, Haltom, Saelid and Pellegrino
None
None
SIGNED AND APPROVED this 3rd day of March, 1981.
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ATTEST:
City Clerk
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