Escondido

City Council

August 20, 2025 Regular Item #5

Agenda Item 5

5.\nIMPLEMENTATION AND FINANCING OF THE CITYWIDE ENERGY ROADMAP\nRequest the City Council adopt Resolution No. 2025-107 authorizing the Mayor and/or Authorized\nOfficers to execute, on behalf of the City: (1) the First Amendment to the Energy Services Agreement\nbetween the City and Climatec Energy Services (“Climatec”); (2) an Equipment Lease/Purchase\nAgreement with an initial principal value of $46,000,000 through Banc of America Public Capital Corp\n“(BAPCC”); (3) an Escrow and Account Control Agreement; and (4) such other agreements and\ndocuments as may be required to complete transactions to implement the Energy Roadmap.\nStaff Recommendation: Approval (City Manager Department: Sean McGlynn, City Manager)\nPresenters: Christopher McKinney, Deputy City Manager; Christina Holmes, Finance Director; Ashley\nLough, Climatec; and Tyler Girtman, Climatec\na) Resolution No. 2025-107\nCURRENT BUSINESS