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<br /> • Executive Managers/Budget Review <br /> AGENDA ITEM <br /> Date: January 29, 2003 <br /> Department: Public Works Department Contact: Cindy M au <br /> Executive Manager Signature: <br /> 1. Item Title: EWEB Energy Savings Incentive Program <br /> BJE # 0000036091 <br /> 2. Description of Item: <br /> City of Eugene entered into contractual agreement with EWEB in June 2002, a Being that <br /> the City will convert the green section of traffic signal heads to a green light 'tting diode <br /> (LED) and replace internally lighted street signs with non-illumination street si s using <br /> diamond grade reflector sheeting. When this process is complete EWEB will p y City of <br /> Eugene a cash incentive of $186,613. This project will be complete and cash i centive <br /> funds will be received prior to fiscal year end (FY03). This request is to reco 'ze the <br /> revenue corning from EWEB and to establish spending authority. <br /> 3. FiscalImpact: <br /> Are additional funds required? If yes, please provide the following: <br /> Is this aone-time expenditure request? X Yes No <br /> Service Category Title: 54 -Transportation <br /> Amount Fund(s) <br /> Increases expenditures by: 186 613 131 Road Fund <br /> Decreases expenditures by: <br /> Increases revenues by: 186 613 131 Road Fund <br /> Decreases revenues by: <br /> NET 1MPACT: 000 000 <br /> 4. FTE Impact: <br /> *Indicate if new reclass fund change delete FTE <br /> 5. Action Requested: <br /> To recognize revenue and establish spending authority. <br /> <br />