To: Board of County Commissioners
Through: Michelle Halstead, Interim Director, Facilities and Fleet
Prepared By:
prepared
Cedar Blazek, Energy Programs Manager, Facilities and Fleet Management
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presenter
Presenter: Cedar Blazek, Energy Programs Manager, Facilities and Fleet Management
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Subject:
title
1:00 PM *Proposed Energy Performance Contract (EPC) #3
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Purpose and Request:
recommended action
The purpose of the study session is to present a plan to pursue a third energy performance contract for county facilities and seek board approval to advance this work, consistent with established signature authority. The session will include an overview of EPCs, the opportunity and benefits, the proposed process and timeline as well as an overview of the solicitation and contract language.
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Alignment with Strategic Plan: Sustainable Growth and Infrastructure - Support environmentally responsible development and energy efficiency in county operations.
Background and Discussion: Energy Performance Contracting (EPC) is a financing and contracting tool that allows public entities to use future utility and maintenance cost savings from energy improvements to fund capital improvement projects. Colorado's EPC program began in 1997; the Colorado Energy Office operates the statutory program, providing no cost technical assistance to eligible public entities. Since inception, the program has seen 316 million in energy savings from public buildings and more than $1 billion invested in facility improvements. Throughout the state, communities have realized $56 million in annual cost savings.
Arapahoe County has completed two EPCs in its history. The first in 2006, financed more than $10 million in improvements, with $660,000 annual cost savings. The second EPC in 2014 leveraged more than $7.7 million in one-time funding to generate annual cost savings of $560,000 year. Industry best practices recommend evaluating an EPC every 7-10 years ba...
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