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SUMMARY OF CALCULATED SAVINGS <br /> The savings identified below shall be Calculated Savings which are mutually agreed by OWNER and the <br /> COMPANY , but will not be specifically measured . The Calculated Savings shall be deemed to increase <br /> during each year of the Savings Guarantee Term by the annual escalation percentages set forth below , with <br /> such escalation being annually compounded upon the immediately preceding year escalated rate . <br /> Source of Savings First Year Savings ( non — Annual <br /> escalated ) Escalation <br /> LIGHTING MATERIAL SAVINGS ( ECM - 1 ) $ 50649 0 % <br /> HVAC SAVINGS DUE TO LIGHTING $80946 0 % ( 15` yr) , 3% <br /> REDUCTION ( ECMA ) (Yrs 2 = 12 ) <br /> OCCUPANCY SENSORS ( ECM4 ) $49885 0 % ( 1 " yr) , 3 % <br /> ( Yrs 2 = 12 ) <br /> TOTAL CALCULATED SAVINGS $ 19 ,480 N/A <br /> Indian River County , Florida 11 Indian River County Phase 1 <br /> Phase I Rev . 06/09 <br />