RES59
RESOLUTION OF THE CITY OF TROY, NEW YORK AUTHORIZING THE
NEGOTIATION, EXECUTION AND DELIVERY OF ENERGY PERFORMANCE
CONTRACTS AND RELATED LEASE/PURCHASE AGREEMENTS WITH SIEMENS
INDUSTRY, INC. BUILDING TECHNOLOGIES DIVISION FOR CONVERSION OF
STREET LIGHTS TO LED AND FOR ENERGY SAVINGS IMPROVEMENTS
TO CITY-OWNED BUILDINGS
WHEREAS, Article 9 of the New York Energy Law (the "Energy Law") authorizes
municipalities and school districts to enter into contracts ("Energy Performance Contracts") for
the provision of energy services, including but not limited to, electricity, heating, ventilation,
cooling, steam or hot water, in which a person agrees to install, maintain or manage energy
systems or equipment to improve the energy efficiency of, or produce energy in connection with,
a building or facility in exchange for a portion of the energy savings or revenues; and
WHEREAS, the City of Troy (the "City") issued a Request for Proposals for an Energy
Performance Contract for the conversion of City street lights to LED and for energy saving
improvements to various City-owned buildings and facilities; and
WHEREAS, based on the City's evaluation of proposals, Siemens Industry, Inc. Building
Technologies Division ("Siemens") was selected to develop and implement a performance-based
energy savings and operations plan; and
WHEREAS, Siemens has provided the City with an Investment Grade Energy Audit
dated April 29, 2018, a project overview dated July 2, 2019, and a final pro-forma of the
estimated energy savings dated July 18, 2019 (collectively, the “Energy Audit Report”) which
set forth plans for street light conversions, City building improvements and retrofits, energy
savings estimates and proposed financing plans; and
WHEREAS, by resolution adopted August 2, 2019, the City Council authorized the
execution of a certain Performance Contracting Agreement (the “Performance Contracting
Agreement”) with Siemens, pursuant to which Siemens will provide equipment, capital
improvements, repairs, maintenance and other services to improve the energy efficiency of City
street lights, the Police Station, Courthouse, Fifth Avenue and State Street Parking Garages, fire
stations, and DPW buildings; and
WHEREAS, the City now intends to authorize the negotiation, execution and delivery of
one or more Energy Performance Contracts and related lease/purchase agreements in an
aggregate original principal amount not to exceed $14,400,000.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Troy, New
York, as follows:
Section 1. In accordance with Section 9-103 of the Energy Law, the City is
hereby authorized to enter into one or more Energy Performance Contracts, and related
lease/purchase agreements, escrow agreements and other agreements in an aggregate original