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GUARANTEE MANAGEMENT <br />CITY OF SOUTH BEND: PINHOOK WTP IMPROVEMENTS PROJECT GUARANTEED SAVINGS CONTRACT <br />for the project using the average hourly electricity cost the City is currently paying. An example of these calculations <br />is shown in the previous table. <br />These calculations would also be used for the annual report submitted to the Dept of Local Government Finance, <br />(DLGF) on the Guaranteed Energy Savings Contract. The Reynolds team has experience in identifying energy savings <br />within projects and will work diligently to identify and document the energy conservation measures, (ECM) and <br />associated savings. <br />COST FOR GUARANTEE MANAGEMENT, SCHEDULE DELIVERY, & <br />REPORT DESCRIPTION <br />C. Describe the cost for guarantee management, schedule for delivery and describe the report. <br />As defined in the statute, a governing body participating in a GESC is required by IC 36-1-12.5 to provide a copy of the <br />executed guaranteed energy savings contract 60 days after full authorization. The contract will include all calculations <br />and <br />documentation <br />validating all <br />stipulated savings <br />and related capital <br />expenditures. <br />In addition to the <br />contract, <br />Reynolds will also <br />provide the <br />Annual Savings <br />Report. The <br />report is required <br />to be submitted <br />on an annual <br />basis to the <br />DLGF. Reynolds <br />will prepare these <br />reports, submit to <br />the City for review <br />and approval. <br />After approval is <br />received, <br />Reynolds, on <br />behalf of the City <br />will submit to the <br />DLGF. This <br />process will be <br />provided at no <br />additional cost to <br />the City. <br /> <br />Page | 51 <br /> <br />