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Committee approves contingent borrowing to finance city energy-efficiency and solar projects
Summary
After debate on financing options, the committee approved contingent borrowing to help finance up to $1.8 million of energy efficiency and solar projects and adopted a related performance contract substitute with Johnson Controls.
The Finance and Personnel Committee approved contingent borrowing to finance multiple city energy-efficiency and solar projects and adopted a substituted performance contract awarding guaranteed energy-savings work to Johnson Controls.
The administration presented three related items (files 241509, 241510 and 241332) together. The Environmental Collaboration Office (ECO) described goals to reduce energy use in city buildings and to install solar where cost-effective. ECO said a competitive process selected Johnson Controls for an energy-savings performance…
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