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. 1 For The Citywide LED Streetlight Upgrade Project And 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 6, 2022, the City of Hollywood entered into an Energy Services Agreement with Noresco, LLC to develop a comprehensive energy management plan to improve various City buildings, structures, lighting and facilities. The intent is for these improvements to be financed through guaranteed cost savings achieved through the energy improvement initiatives. As part of the master Energy Services Agreement, the City is required to execute individual work orders for energy service audits as well as construction.
As part of the July 6, 2022 approval of the master Energy Services Agreement, Audit Work Order No. 1 was approved for Noresco, LLC to study and perform an investment grade audit on the City-owned streetlight network. As a result of this audit, Construction Work Order No. 1 will enable the LED streetlight upgrade of approximately 3,000 City-owned streetlights, excluding those located in the Beach CRA and Downtown CRA. A construction work order will be forthcoming for that project and presented for approval to the CRA Board. The projected guaranteed cost savings to be achieved over a 20-year term as provided for in Construction Work Order No. 1 equates to $4,178,355.
In Audit Work Order No. 2, Noresco, LLC will complete an investment grade audit towards potential financially viable cost savings that will be achieved through energy conservation measures, which include:
* Interior and exterior lighting improvements
* HVAC/Mechanical improvements
* Building automation systems
* ...
Click here for full text