MEETING DATE:
SEPTEMBER 24, 2024
SUBJECT:
Title
RESOLUTION NO. 2024-9357 - APPROVING A RESOLUTION IN ACCORDANCE WITH COUNCIL POLICY 2012-04 TO APPROPRIATE AND UTILIZE UP TO $466,000 IN ONE-TIME RECURRING SAVINGS/OPPORTUNITY RESERVE FUNDS TO PROCURE AND INSTALL A SOLAR ENERGY SYSTEM AT THE CORKY SMITH GYM FACILITY
Body
Recommendation
Recommendation
ADOPT resolution approving the use of one-time recurring savings/opportunity reserve funds to procure and install a solar energy system at the Corky Smith Gym and delegate authority to the City Manager to negotiate and execute a contract with Core Energy Solutions for equipment and installation.
Body
Relevant Council Strategic Theme
Planning for the Future
Good Governance
Executive Summary
The Corky Smith Gym is slated for a solar energy system installation to enhance sustainability and reduce costs, aligning with the City's Climate Action Plan. Core Energy Solutions, a sole source vendor, will install a system that will cover 40% of the gym's energy needs, saving about $60,000 annually. With available federal tax credits potentially reducing the initial cost from $466,000 to $280,000, the system would pay for itself in about 4.5 years. The One-Time Recurring Savings/Opportunity category of the General Fund Reserve Policy allows for opportunities that will result in future efficiencies and will provide funding for the project.
Discussion
The Corky Smith Gym has been identified as an optimal location for the installation of a solar energy system. This initiative supports the City's Climate Action Plan (CAP) goals by reducing carbon emissions and energy costs.
Procurement
Core Energy Solutions possesses a unique and cost savings benefit for this project based on prior work provided and thereby the sole source provider for this project. In early 2023, the Boys & Girls Club (BGC) partnered with the City on a project to install solar infrastructure on the roof of the Corky Smith Gym. The City own...
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