HomeMy WebLinkAboutReso 117-12 Energy Audit Agmt Chevron RESOLUTION NO. 117 - 12
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
APPROVING AN ENERGY SERVICE CONTRACT AND AN ASSOCIATED FINANCING
CONTRACT WITH CHEVRON ENERGY SOLUTIONS COMPANY, FOR THE
IMPLEMENTATION AND FUNDING OF CERTAIN ENERGY RELATED IMPROVEMENTS TO
CITY OF DUBLIN FACILITIES
WHEREAS, the City of Dublin approved an Energy Audit Agreement with Chevron
Energy Solutions Company in May of 2011; and
WHEREAS, a comprehensive energy audit was conducted on City facilities to determine
the feasibility of various energy efficiency improvements ("the Projects"); and
WHEREAS, State law allows the City to enter into an Energy Service Contract if the
anticipated cost for alternative energy equipment and associated conservation measures will be
less than that of non-renewable energy that would have been consumed otherwise; and
WHEREAS, the cost to the City of the Energy Service Contract by and between the City
and Chevron Energy Solutions for the implementation of certain energy measures for electrical
energy generation or conservation services will be less than the anticipated marginal cost of
electrical energy that would have been consumed by the City absent the implementation of the
improvements under the Energy Service Contract; and
WHEREAS, the construction of the projects will depend on the City's ability to finance the
costs; and
WHEREAS, the City's debt service commitment will be paid from the anticipated savings
generated by the more efficient systems that will be built under this program; and
WHEREAS, Chevron Energy Solutions will provide the City with an option to guarantee
that the savings generated by the reduction in energy usage as a result of these projects will be
sufficient to pay the City's' debt service commitment.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin
hereby finds as follows:
1. The anticipated cost of the electrical energy produced by the Projects combined with
the savings resulting from the energy conservation that will result from the Projects will be less
than the anticipated marginal cost to the City of Dublin of procuring electrical energy that would
otherwise by consumed in the absence of the Projects.
2. It is in the best interests of the City of Dublin to enter into a facilities financing contract
substantially in the form presented to the City Council.
Page 1 of 2
3. Funds for the repayment of the financing contract are projected to be available from
revenues resulting from funding that otherwise would have been used for the purchase of
electrical energy in the absence of the Projects.
BE IT FURTHER RESOLVED that the City Council of the City of Dublin hereby approves
an Energy Service Contract ("Agreement') with Chevron Energy Solutions Company, for the
implementation and funding of certain energy related improvements to City facilities as
authorized by California Government Code Sections 4217.10 through 4217.18.
BE IT FURTHER RESOLVED that the City Council of the City of Dublin hereby approves
and accepts the Lease terms presented by US Bank and authorizes Staff to negotiate the final
terms and amount to be financed, for the implementation and funding of the energy related
improvements.
BE IT FURTHER RESOLVED that the City Manager is authorized to execute the
Agreement with Chevron Energy Solutions Company and an associated financing contract
substantially in the form presented, with the technical, clarifying and conforming changes as
shall be approved by the City Attorney and/or the City Manager and to execute such other
documents and perform such other actions as are necessary to perform the City's obligations as
set forth in the Agreement.
PASSED, APPROVED AND ADOPTED this 19th day of June, 2012, by the following
vote:
AYES: Councilmembers Biddle, Hart, Hildenbrand, Swalwell, and Mayor Sbranti
NOES: None
ABSENT: None
ABSTAIN: None oo
Mayor
ATT
Z._ pc/4'
City Clerk
Reso No. 117-12, Adopted 6-19-12, Item 6.3 Page 2 of 2