Escondido
City Council
5.
IMPLEMENTATION AND FINANCING OF THE CITYWIDE ENERGY ROADMAP
Request the City Council adopt Resolution No. 2025-107 authorizing the Mayor and/or Authorized
Officers to execute, on behalf of the City: (1) the First Amendment to the Energy Services Agreement
between the City and Climatec Energy Services (“Climatec”); (2) an Equipment Lease/Purchase
Agreement with an initial principal value of $46,000,000 through Banc of America Public Capital Corp
“(BAPCC”); (3) an Escrow and Account Control Agreement; and (4) such other agreements and
documents as may be required to complete transactions to implement the Energy Roadmap.
Staff Recommendation: Approval (City Manager Department: Sean McGlynn, City Manager)
Presenters: Christopher McKinney, Deputy City Manager; Christina Holmes, Finance Director; Ashley
Lough, Climatec; and Tyler Girtman, Climatec
a) Resolution No. 2025-107
CURRENT BUSINESS