Common use of Summary of Project Cost and Savings Clause in Contracts

Summary of Project Cost and Savings. Energy Efficiency Measures Estimated Total Project Cost Energy Commission Loan Estimated Annual Energy Cost Savings Simple Payback* (Years) [Insert EEM #1. Add additional rows as necessary] [Insert EEM Cost] $00.00 [Insert Cost Savings] [Insert EEM Payback] TOTALS: [Insert Total Project Cost] [Insert Loan Amount] [Insert Total Annual Energy Cost Savings] [Insert Overall Payback] *The simple payback is based on the Loan amount. The Borrower shall implement each measure listed in Table 1. If Borrower does not complete one or more of the measures or deviates from the quantities and specifications listed in Table 1, the Commission Project Manager will calculate the maximum Loan amount supported by the Project. The Loan amount will be determined by the lesser of: 1) multiplying the annual energy cost savings by [Insert Maximum Simple Payback Period]; 2) total Project costs; or 3) approved Loan amount. Borrower shall notify the Commission Project Manager in writing if Borrower expects any information in Table 1 to change. Energy Commission staff will advise Borrower of the procedure to approve any changes. Written documentation is required for any changes to the information included in this Attachment. If the Borrower has received disbursements exceeding the maximum Loan amount supported by the Project, the Borrower shall refund the difference to the Energy Commission within 30 days of notification. EXHIBIT B PROMISSORY NOTE LOAN NUMBER: [Insert Loan #] PRINCIPAL AMOUNT: $[Insert Loan Amt] INTEREST RATE: [Interest Rate]%

Summary of Project Cost and Savings. Energy Efficiency Measures Estimated Total Project Cost Energy Commission Loan Estimated Annual Energy Cost Savings Simple Payback* (Years) [Insert EEM #1. Add additional rows as necessary] [Insert EEM Cost] Comprehensive Landscape Lighting Retrofit to LED City- Wide $00.00 [Insert Cost Savings] [Insert EEM Payback] 276,000 $81,022 $5,128 15.8 Street Lighting Retrofits to LED City-Wide $540,000 $530,655 $31,215 17.0 TOTALS: [Insert Total Project Cost] [Insert Loan Amount] [Insert Total Annual Energy Cost Savings] [Insert Overall Payback] $816,000 $611,677 $36,343 16.8 *The simple payback is based on the Loan loan amount. The Borrower shall implement each measure listed in Table 1. If Borrower does not complete one or more of the measures or deviates from the quantities and specifications listed in Table 1, the California Energy Commission Project Manager (CEC) project manager will calculate the maximum Loan loan amount supported by the Projectproject. The Loan loan amount will be determined by the lesser of: 1) multiplying the annual energy cost savings by [Insert Maximum Simple Payback Period]17 years; 2) total Project project costs; or 3) approved Loan loan amount. The Borrower shall notify the Commission Project Manager CEC project manager in writing if Borrower expects any information in Table 1 to change. Energy Commission CEC staff will advise Borrower of the procedure to approve any changes. Written documentation is required for any changes to the information included in this Attachmentattachment. If the Borrower has received disbursements exceeding the maximum Loan loan amount supported by the Projectproject, the Borrower shall refund the difference to the Energy Commission CEC within 30 days of notification. EXHIBIT B PROMISSORY NOTE LOAN NUMBERRESOLUTION NO: [Insert Loan #] PRINCIPAL AMOUNT20-0408-5b STATE OF CALIFORNIA STATE ENERGY RESOURCES‌ CONSERVATION AND DEVELOPMENT COMMISSION RESOLUTION - RE: CITY OF CITRUS HEIGHTS RESOLVED, that the State Energy Resources Conservation and Development Commission (CEC) adopts the staff CEQA findings contained in the Agreement or Amendment Request Form (as applicable); and RESOLVED, that the CEC approves Agreement 014-19-ECI with the City of Citrus Heights for a $[Insert Loan Amt] INTEREST RATE: [Interest Rate]%611,677 loan at one percent interest and adopting staff's determination that this action is exempt from CEQA. The proposed project includes retrofitting landscaping and street lighting to light emitting diodes (LED) citywide. The project is estimated to save the City 425,197 kilowatt-hours (kWh) of electricity, resulting in annual energy cost savings of $36,343. The simple payback on the loan amount is approximately 16.8 years; and FURTHER BE IT RESOLVED, that the Executive Director or his/her designee shall execute the same on behalf of the CEC.

Summary of Project Cost and Savings. Energy Efficiency Measures Estimated Total Project Cost Energy Commission Loan Estimated Annual Energy Cost Savings Simple Payback* (Years) [Insert EEM #1. Add additional rows as necessary] [Insert EEM Cost] $00.00 [Insert Cost Savings] [Insert EEM Payback] TOTALS: [Insert Total Project Cost] [Insert Loan Amount] [Insert Total Annual Energy Cost Savings] [Insert Overall Payback] *The simple payback is based on the Loan amount. The Borrower shall implement each measure listed in Table 1. If Borrower does not complete one or more of the measures or deviates from the quantities and specifications listed in Table 1, the Commission Project Manager will calculate the maximum Loan amount supported by the Project. The Loan amount will be determined by the lesser of: 1) multiplying the annual energy cost savings by [Insert Maximum Simple Payback Period]; 2) total Project costs; or 3) approved Loan amount. Borrower shall notify the Commission Project Manager in writing if Borrower expects any information in Table 1 to change. Energy Commission staff will advise Borrower of the procedure to approve any changes. Written documentation is required for any changes to the information included in this Attachment. If the Borrower has received disbursements exceeding the maximum Loan amount supported by the Project, the Borrower shall refund the difference to the Energy Commission within 30 days of notification. EXHIBIT B PROMISSORY NOTE LOAN NUMBER: PRINCIPAL AMOUNT: INTEREST RATE: [Insert Loan #] PRINCIPAL AMOUNT: $[Insert Loan Amt] INTEREST RATE: [Interest Rate]%

Summary of Project Cost and Savings. Energy Efficiency Measures Estimated Total Project Cost Energy Commission Loan Estimated Annual Energy Cost Savings Simple Payback* (Years) [Insert EEM #1. Add additional rows as necessary] [Insert EEM Cost] $00.00 [Insert Cost Savings] [Insert EEM Payback] TOTALS: [Insert Total Project Cost] [Insert Loan Amount] [Insert Total Annual Energy Cost Savings] [Insert Overall Payback] *The simple payback is based on the Loan amount. The Borrower shall implement each measure listed in Table 1. If Borrower does not complete one or more of the measures or deviates from the quantities and specifications listed in Table 1, the Commission Project Manager will calculate the maximum Loan amount supported by the Project. The Loan amount will be determined by the lesser of: 1) multiplying the annual energy cost savings by [Insert Maximum Simple Payback Period]; 2) total Project costs; or 3) approved Loan amount. Borrower shall notify the Commission Project Manager in writing if Borrower expects any information in Table 1 to change. Energy Commission staff will advise Borrower of the procedure to approve any changes. Written documentation is required for any changes to the information included in this Attachment. SAMPLE If the Borrower has received disbursements exceeding the maximum Loan amount supported by the Project, the Borrower shall refund the difference to the Energy Commission within 30 days of notification. EXHIBIT B PROMISSORY NOTE LOAN NUMBER: [Insert Loan #] PRINCIPAL AMOUNT: $[Insert Loan Amt] INTEREST RATE: [Interest Rate]%Rate]% SAMPLE