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Council committee approves guaranteed-savings plan to modernize five police district buildings
Summary
The Committee of the Whole approved moving forward with a guaranteed‑savings performance contract with Leopardo Energy LLC to repair and upgrade five police district facilities and finance up to $21 million via a lease‑purchase arrangement; the company will guarantee measured savings and the city will appropriate annual debt service.
The Committee of the Whole on Wednesday approved an ordinance to proceed with a guaranteed‑savings performance contract with Leopardo Energy LLC to design and install energy and building upgrades at five Cleveland Police district facilities and to use a lease‑purchase financing structure to fund up to $21 million in work.
The plan calls for a design‑build approach and a guaranteed maximum price of $21 million for the scope identified in the energy conservation report. Leopardo and its team will install HVAC replacements, roof work, windows, a solar array at one site and related systems; the company will measure and verify savings and guarantee total savings over the life of the performance period. Director of…
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