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Council approves $112M energy‑savings performance contract to electrify city buildings and streetlights
Summary
Council unanimously authorized a 25‑year energy savings performance contract with Willdan to electrify 40 municipal facilities and retrofit ~39,000 streetlights, financed via a 25‑year TELP with Webster Bank; staff said avoided energy costs will repay financing and the project includes a 3‑year measurement & verification guarantee and planned reporting to council.
The Department of General Services presented Portfolio 1 of an energy savings performance contract (ESPC) that would electrify 23 buildings, remove over 100 natural‑gas systems, upgrade HVAC, install solar and battery storage at 17 sites, and convert about 39,000 streetlight fixtures to LED. The total construction scope presented was $112,000,000, to be financed through a 25‑year tax‑exempt lease purchase (TELP) with Webster Bank at an indicated interest rate of about 4.55%.
Staff described how…
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