Street Light Vendors Forum

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Street Light Vendors Forum Innovative Financing
Structure October 20, 2009
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BARRIERS TO MUNICIPAL FINANCING

• Lack of Upfront Funding
• Anti-Deficiency Provisions
• Inability to Incur Debt Obligations
• Lack of Contracting Vehicles

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OFF-BALANCE SHEET PERFORMANCE CONTRACT

• Third-Party financed via service contract
• Service contract meets FAS 13 OBS requirements
• Payments fully offset by resulting savings
• City only pays for measured verified savings

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RESULTS

• Streetlights Installed at No Upfront Cost
• No Commitment of Future Appropriations
• No Debt Incurred
• Performance Contracting Templates Available

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ADDITIONAL BENEFITS

• Purchasing Economies from Retrofitting at Scale
• Contracting Economies from Retrofitting at Scale
• Immediate Elimination of Waste

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Contact John J. Christmas Hannon Armstrong
Capital, L.L.C. 1997 Annapolis Exchange Suite
520 Annapolis, MD 21401 410-571-6164 www.hannonarm
strong.com