Issues and Financial Impacts. The construction of the improvements will not require any City funding, however, under the proposed agreement, future maintenance and electricity will be a City responsibility. The City currently pays for street lighting along Main Street, and staff estimate that the flashing beacon will cost no more than a typical streetlight.
Issues and Financial Impacts. If an agreement is made with Ameresco, the City could reduce energy costs for streetlights by an estimated $73,000 annually. The audit services agreement with Ameresco would cost $26,866, however this fee would only be paid if the City chose not to continue with the project. If the project moves forward, that fee would be wrapped into the overall project, and would be paid for out of the energy savings.
Issues and Financial Impacts. Approximately $60,000 has been spent to-date on the COVID-19 response. These expenditures have come directly from the pre-existing expenditure authorizations adopted by the City Council and may have short-term and long-term effects on department operations and service offerings. Additional costs are likely throughout the summer and as we begin to reopen Oregon and the nation, which could result in an increase in cases. Finally, the economic toll related to COVID-19 is currently unknown. Congress has stepped up to provide stopgap measures to mitigate a financial meltdown, but much remains unknown when it comes to timelines, the virus and whether the globe will be right back in this crisis when fall and winter return.
Issues and Financial Impacts. Procuring and maintaining a vehicle can be expensive over the useful life. This setup seeks to maximize the City’s return on investment so that overall cost of ownership is less or even nets the City additional resources. Additionally, it frees up staff time to focus on other pressing issues around the city.
Issues and Financial Impacts. The City has already committed to funding this project, in the amount of $299,535.36. This funding is already budgeted and available for this project. This additional agreement will require the City to take on future maintenance and electricity for two pedestrian crossings. The City currently pays for street lighting along Main Street, and staff estimate that the electricity for one crossing will cost no more than a typical streetlight.
Issues and Financial Impacts. The financial impact would be minimal. City is responsible for training, creating periodic reports to the college, and providing Personal Protective Equipment (PPE) for anyone performing work on site at our treatment facilities.
Issues and Financial Impacts. If an agreement is made with Ameresco, the City could reduce energy costs for streetlights by over $40,000 annually. The service payments are proposed at just under the estimated rate savings, as shown in the table below. In addition, the City qualifies for a rebate from Energy Trust of Oregon which would further reduce the City’s repayment obligation. That rebate is estimated to be approximately $90,000. A letter from Energy Trust confirming the rebate amount is expected any day now. Year Estimated Rate Savings Service Payments Estimated Energy Trust Rebate Total Payment Net Annual Benefit 1 $40,691 $38,526 $90,000 $128,526 $2,165 2 $41,912 $39,682 -- $39,682 $2,230 3 $43,169 $40,872 -- $40,872 $2,297 4 $44,464 $42,098 -- $42,098 $2,566 5 $45,798 $43,361 -- $43,361 $2,437 6 $47,172 $44,662 -- $44,662 $2,510 7 $48,587 $46,002 -- $46,002 $2,585 8 $50,045 $47,382 -- $47,382 $2,663 9 $51,546 $48,804 -- $48,804 $2,743 10 $53,093 $50,268 -- $50,268 $2,825 11 $54,685 $51,776 -- $51,776 $2,910 12 $56,326 $53,329 -- $53,329 $2,997 13 $58,016 -- -- -- $58,016 14 $59,756 -- -- -- $59,756
