City Council

Item 333:\nAuthorization for Energy Savings Performance Contract with Willdan Energy\nSolutions and Related Financing Agreement with Webster Bank.\nThis item will be considered in the afternoon session which is scheduled to begin at\n2:00 p.m.\nTotal Estimated Cost of Proposed Action and Funding Source:\nProject cost is $111,778,000 and will be funded via a 25-year Equipment Lease Purchase\nAgreement. Avoided energy costs resulting from retrofits are projected to completely\noffset financing payments.\nCouncil District(s) Affected:  Citywide.\nProposed Actions:\n(O-2026-72)\nIntroduction of an Ordinance approving the forms of and authorizing the execution of the\nEnergy Savings Performance Contract with Willdan Energy Solutions and other related\nfinancing documents including an Equipment Lease Purchase Agreement and Escrow\nAgreement.\n6 votes required pursuant to Charter Section 99.\nCommittee Actions Taken: N/A\nDepartment of General Services: Lindsey Hawes, (858) 627-3352\nCity Attorney Contact: William Smith