REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Travis Hopkins, City Manager
VIA: Chau Vu, Director of Public Works
PREPARED BY: Patrick Bannon, Capital Projects Supervisor
Subject:
title
Conduct a Public Hearing to adopt Resolution No. 2025-70 approving a Performance Contract with Alliance Building Solutions, LLC. (ABS), and Resolution No. 2025-71 approving a Finance Agreement and related documents with Metro Futures, Inc. for the construction of energy conservation at various City facilities.
body
Statement of Issue:
Request City Council approval for a resolution and agreement to implement energy efficiency and infrastructure measures along with associated financing.
Financial Impact:
The total estimated project cost is $7,358,861 to be financed through a tax-exempt equipment lease purchase agreement. The City's total savings through this project are estimated at $23,089,221. The City is anticipating the cost of the Project will be less than the anticipated marginal cost to the City in the absence of such measures.
Recommended Action:
recommendation
A) Make the findings that the funds for the repayment of the financing are projected to be available from the funding that otherwise would have been used for the purchase of energy.
B) Adopt Resolution No. 2025-70, authorizing "Performance Contract" and related exhibits for the energy conservation project with Alliance Building Solutions, LLC. in the amount of $7,358,861.
C) Authorize City Manager to execute documents approved as to form by the City Attorney necessary to manage, and complete the project with Alliance Building Solutions, LLC.
D) Adopt Resolution No. 2025-71, authorizing "Financing Lease Agreement" and related lease documents to fund energy related upgrades with Metro Futures, Inc. in the amount of $7,383,861
E) Authorize City Manager to execute documents approved as to form by the City Attorney necessary to finance the pr...
Click here for full text