Subject: Amendment Of Enovity’s Contract To Access California Energy Commission Funding For Repairs To Oakland Ice Center From: Office Of The City Administrator Recommendation: Adopt A Resolution Authorizing The City Administrator To 1) Amend The City Of Oakland’s Contract With Enovity Inc. To Include The California Energy Commission's Energy Conservation Assistance Act Low-Interest Loan Program; 2) Execute A 20-Year Loan Agreement For A Low-Interest Loan In An Amount Not To Exceed Three Million Dollars ($3,000,000) To Address Critical Repairs At The Oakland Ice Center; And 3) Accept And Appropriate A Federal Investment Tax Credit Direct Payment In An Amount Not To Exceed Four Hundred Fifty Seven Thousand Six Hundred Eighty Dollars ($457,680); And Authorizing Biannual Payments In An Amount Not To Exceed Eighty-Three Thousand One Hundred Twenty-Three Dollars ($83,123) Over The Life Of The Loan
What this record is
- Held by
- Enovity Inc
- Amount
- $3.00M
- Runs until
- March 12, 2044 17 years away date calculated from a contract term stated in the record, not quoted directly
- Type
- amendment
- Field
- Utilities & energy
utilities & energy contracts in CA that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
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- Committee
- Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council/Geologic Hazard Abatement District Board
- Requested by
- Office Of The City Administrator
- Introduced
- March 12, 2024
- On agenda
- April 16, 2024
- Passed
- April 16, 2024
- Enacted
- April 16, 2024
- Enactment no.
- 90189 C.M.S.
Where it was heard
Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council/Geologic Hazard Abatement District Board *Rules & Legislation Committee * Public Works And Transportation Committee *Rules & Legislation Committee *Rules & Legislation CommitteeWatch what Oakland buys
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