Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving And Authorizing The Appropriate City Officials To Execute Construction Work Order No. 2 For Audit Work Order No. 2 For Various Energy Conservation Measures In Accordance With The Energy Services Agreement With Noresco, LLC.
Strategic Plan Focus
Infrastructure & Facilities
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
On July 2, 2022, the City Commission approved Resolution No. R-2022-206 approving the execution of the Energy Services Agreement with Noresco, LLC ("Noresco") dated July 29, 2022 ("Agreement") to perform investment grade audits and comprehensive energy management and energy-related capital improvement services for various City buildings, structures, lighting and facilities for the City's energy performance program, financed through guaranteed cost savings achieved from the improvements ("Energy Performance Services").
The Energy Performance Services include the evaluation of all City facilities and resources to recommend and potentially implement energy savings associated with streetlights, HVAC units, electrical systems, EV chargers and other energy efficient adjustments to other City assets; and
Audit Work Order No. 1, pertaining to the Citywide LED Streetlight Upgrade Project, authorized Noresco to study and perform an investment grade audit on the City-owned streetlight network.
The investment grade audit, performed under Audit Work Order No. 1, resulted in the proposed LED conversion of over 2,000 City-owned streetlights, excluding those located in the Beach and Downtown Community Redevelopment Agency; and
Over the 20-year period of performance for the Agreement, the projected guaranteed cost savings equates to $4,178,355.00.
The total project cost for Construction Work Order No. 1 is $4,570,000.00, of which the City's contribution in the amount of $2,000,000.00 was previously approved.
Audit Work Order No. 2 enable...
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