Number
181474
Version
SUBSTITUTE 1
Reference
131035
Sponsor
ALD. MURPHY, KOVAC, AND JOHNSON
Title
Resolution approving an equipment lease/purchase agreement for energy-efficient lighting and building system projects within the Milwaukee Public Library system.
Analysis
This resolution authorizes the City to enter into an equipment lease purchase agreement for energy-efficient lighting and building system projects within the Milwaukee Public Library system. The Library Board has previously approved the Milwaukee Public Library to enter into a performance contract related to energy savings that will be financed through a combination of City Capital Appropriations and an equipment lease purchase agreement. The performance contract related to energy savings has been executed and this resolution authorizes the City to enter into a companion lease purchase agreement to finance not to exceed $2,100,000 through financing procured by the Comptroller’s Office and a contribution of not to exceed $450,000 toward the performance contract related to energy savings.
Body
WHEREAS, On December 17, 2013, the Common Council adopted File Number 131035, approving and directing implementation of the City’s sustainability plan, ReFresh Milwaukee; and
WHEREAS, The City’s sustainability plan calls on the City to reduce energy use 20% by 2020 and increase use of renewable energy to 25% by 2025; and
WHEREAS, pursuant to Section 66.0133 of the Wisconsin Statutes (the “Act”) the City is authorized to enter into a performance contract with a qualified provider to reduce energy or operating costs, realize operational savings, conserve water resources, ensure state or local building code compliance, or enhance the protection of property of the local governmental unit; and
WHEREAS, June 8, 2018 the Library Board authorized the Milwaukee Public Library to seek competitive proposals for an Investment Grade energy audit and resulting energy savings performance contract; and...
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