Project Economics

• Guaranteed Annual Savings: $1,925,371
• Guaranteed Total Savings: $33,672,301 (20 years)
• Total Net Positive Cash Flow: $8,209,672
• Project Investment: $16,999,848

Scope

• City Hall – Atrium Repair
• LED Retrofit
• Pressure clean brick facade
• Tuck point select areas of facade failure
• Door Replacement
• Roofing Replacement
• HVAC, Ventilation and Building Automation improvements

Discovery

• 411,329 SF of Facilities Surveyed
• 62 Utility Bills Analyzed
• 29 Utility Accounts Analyzed
• 9,240 Budget Line Items Reviewed
• 4,095 Budget Line Items Targeted

Next Steps

• Deliver Final Proposal
• 1st Reading of Project Financing Ordinance
• Contract Signed and Executed
• 2nd Reading and Approval of Project Financing
• Secure Project Financing
• Construction Begins

1 – Economic impact figures based on third party studies by California State University and Cleveland State University