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Escondido council approves $55.9 million not-to-exceed energy roadmap, $46 million lease financing
Summary
Council approved resolution 2025-107 to implement a citywide energy roadmap with Climate Tech, authorizing a first amendment to the energy services agreement and a $46 million lease-purchase agreement with Bank of America; Climate Tech guaranteed lifecycle savings and staff outlined a financing plan using Measure I and internal funds.
The Escondido City Council approved a resolution to implement a citywide energy roadmap that staff and Climate Tech said will modernize city HVAC, lighting, water and wastewater equipment and add solar, EV charging and microgrids.
Council approved Resolution No. 2025-107 to (1) amend the energy services agreement with Climate Tech and (2) enter a lease-purchase agreement with Bank of America Public Capital Corp. to fund the program. The motion passed 4-0.
Why it matters: Staff said the work addresses aging infrastructure, reduces operating costs and supports the city's climate-action goals. The plan uses guaranteed energy and operational savings to cover debt service over time; Climate Tech provided a…
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