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HomeMy WebLinkAboutMINUTES - 03022010 - C.13RECOMMENDATION(S): 1. APPROVE and AUTHORIZE the General Services Director, or designee, to submit an application and EXECUTE a loan agreement, if approved, for $2.5 million with the California Energy Commission (CEC). FISCAL IMPACT: The CEC loan will be combined with American Recovery and Reinvestment Act Energy Efficiency and Conservation Block Grant (EECBG) funds of $1.45 million and rebates of $300,000 to fund $4.25 million in building energy efficiency projects. The CEC loan will be for a term of ten years at an interest rate of 3 percent. The estimated annual energy savings of $354,000 exceeds the annual CEC loan repayment of $293,000 resulting in an annual savings of approximately $61,000. The County is only obligated to pay back the amount expended from the loan as projects are completed. APPROVE OTHER RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Action of Board On: 03/02/2010 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF SUPERVISORS AYE:John Gioia, District I Supervisor Gayle B. Uilkema, District II Supervisor Mary N. Piepho, District III Supervisor Susan A. Bonilla, District IV Supervisor Federal D. Glover, District V Supervisor Contact: Terry Mann (925) 313-7163 I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown. ATTESTED: March 2, 2010 David J. Twa, County Administrator and Clerk of the Board of Supervisors By: June McHuen, Deputy cc: GSD Admin, GSD - Accounting, County Administrator, Auditor-Controller, Andy Green C.13 To:Board of Supervisors From:Michael J. Lango, General Services Director Date:March 2, 2010 Contra Costa County Subject:Approve a California Energy Commission Loan Application to Provide $2.5 Million for Energy Efficiency Projects in County Buildings BACKGROUND: Approval of the CEC loan will enable the General Services Department to install energy efficient boilers, chillers, and HVAC equipment in 23 County buildings and install lighting retrofits in several other County buildings. The environmental benefit of implementing these energy projects is an estimated annual reduction in greenhouse gases of 1,494 tons. There are eight energy efficiency projects identified in the County's Facility Life-cycle Investment Program (FLIP) totaling approximately $1.4 million that will be completed if the CEC loan is approved. CONSEQUENCE OF NEGATIVE ACTION: If the CEC loan application is not submitted, the County will not be able to leverage the federal funds from the EECBG grant to complete all of the energy improvement projects that will result in energy efficiency and cost savings.