City Council Agenda and Packet 2023 10 10 SP

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SUBJECT: RESOLUTION NO. 48, SERIES 2023 DATE: OCTOBER 10, 2023 PAGE 4 OF 7 3. Implement the near term recommendations through EPC with onsite renewable energy. This option includes the full near term project scope, including renewable energy. Additionally, this option would provide the best project scope for grant funding and would result in annual utility cost savings. Comparison of implementation options are outlined in the table below. Table 1: Comparison of Implementation Options Existing CIP EPC — Near Term w/o Solar EPC — Near Term with Solar Payment Method Cash Flow Finance Finance Building Electrification X X X Energy Efficiency X X EV Charging X X Solar X Grants partial X Utility Cost Savings X Total Cost $4,822,500 $14,100,000 $7,600,000 Annual Budget Impacts Varies by year (CIP driven $880,000 $480,000 The table below outlines potential payment options for the implementation of the near term recommendations in the Internal Decarbonization Plan. Table 2: Cost Comparison of Implementation Options Year Option 1: Existing CIP Option 2: EPC — Near Term w/o Solar Option 3: EPC — Near Term with Solar 2023 $1,500,000 2024 $2,585,000 $880,000 $480,000 2025 $287,500 $880,000 $480,000 2026 $450,000 $880,000 $480,000 2027 — 2039 Varies by year — CIP driven $11,400,000 $6,200,000 Total $4,822,500 + $14,100,000 $7,600,000 In the table above, option 1 reflects the current CIP funding for HVAC equipment replacements at the five facilities in the near term recommendations, as well as the municipal electrification CIP funding. Option 1 assumes no additional funding is CITY COUNCIL COMMUNICATION