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January 9, 2025 City Council Regular Meeting | |
Title 20. Authorize The City Manager To Execute A Contract for Guaranteed Energy Savings With McKinstry in an Amount Not to Exceed $1,875,000. The Office of Sustainability, Real Estate Services Department, Finance Department, and Office of Capital Projects Management have collaborated to procure and negotiate a guaranteed energy savings performance contract with McKinstry. The contract will involve the replacement of old, energy inefficient lighting fixtures with new LED energy efficient fixtures as well as improvements to cure building envelope leakage and penetration issues contributing to energy loss.(Real Estate Services) | |
Strategic Priority Good Government | |
Description This is for a contract for Guaranteed Energy Savings with McKinstry in the amount of $1,875,000. The Office of Sustainability, Real Estate Services Department, Finance Department, and Office of Capital Projects Management have collaborated to procure and negotiate a guaranteed energy savings performance contract with McKinstry. The contract will involve the replacement of old, energy-inefficient lighting fixtures with new LED energy-efficient fixtures as well as improvements to cure building envelope leakage and penetration issues contributing to energy loss. Twenty-seven City facilities are involved across six aldermanic districts. Twelve of the facilities are community centers and fire stations. The $1.875 Million cost will generate more than $3.48 Million in savings over twenty years and pay back the initial investment in approximately eleven years. This effort reduces energy consumption, cures deferred maintenance, and contributes a big step toward Sustainability objectives. | |
Recommendation Approval | |
Contact David Keating, Senior Director, Real Estate Services | |
Financial Impact Expenditure of $1,875,000 from the General Fund | |
Review Comments | |
Attachments Exhibit 1: Funding Verification- Guaranteed Energy Savings.pdf Exhibit 2: Purchasing Notes- Guaranteed Energy Savings.pdf |
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