Number
241510
Version
SUBSTITUTE 1
Reference
231872, 241332, 241324, 241509
Sponsor
ALD. DIMITRIJEVIC
Title
Substitute resolution authorizing up to $1,800,000 in 2025 Contingent Borrowing to finance energy efficiency and solar energy projects at various city facilities.
Analysis
This resolution authorizes the use of up to $1,800,000 in 2025 Contingent Borrowing for energy conservation and facility improvement measures that Johnson Controls, Inc. will implement at the Department of Public Works Field Headquarters, Central Repair Garage or a similar City building, and Milwaukee Police Department District Station 3 under a guaranteed energy savings performance contract.
Body
Whereas, Under Common Council File Number 231872, adopted April 9, 2024, and consistent with s. 66.0133, Wis. Stats., Johnson Controls, Inc. has completed an investment grade energy audit of building systems and equipment at the Department of Public Works Field Headquarters, Central Repair Garage, and Milwaukee Police Department District Station 3; and
Whereas, Common Council File Number 241332, which the Public Works Committee recommended for adoption on January 29, 2025, describes the investment grade energy audit by, the corresponding recommendations from, and the proposed performance contract for guaranteed energy savings with, Johnson Controls, Inc.; and
Whereas, Common Council File Number 241332 also provides that financing of the guaranteed energy savings performance contract shall total maximum $2,605,746, of which maximum $805,746 shall come from previously appropriated capital accounts and grants and maximum $1,800,000 shall come from a tax-exempt lease purchase agreement; and
Whereas, Common Council File Number 241509 is a companion file that, if adopted, would authorize the aforementioned tax-exempt lease purchase agreement; and
Whereas, Contingent Borrowing is a more cost effective and time-saving means of providing $1,800,000 for the guaranteed energy savings per...
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