Communication from the City Manager and Chief Innovation Officer with a Request for the Following: A. APPROVE and AUTHORIZE the City Manager to Enter into an AGREEMENT with THE EFFICIENCY NETWORK (TEN), in the Amount of $2,066,963.00, for a STREETLIGHT UPGRADE PROJECT of the City-Owned Streetlight System to Reduce Annual Energy and Maintenance Costs Related to the System; B. APPROVE and AUTHORIZE the City Manager to Enter into a FINANCING AGREEMENT with Either INB, N.A. or MUNICIPAL LEASING CONSULTANTS (MLC), in an Amount not to Exceed $2,067,000.00, with a rate not to exceed 4.00% and a term not to exceed Fifteen (15) Years; C. ADOPT an ORDINANCE Amending the City of Peoria 2020 - 2021 BIENNIAL BUDGET Relating to the Capital Fund to Recognize the Cost to Implement the Streetlight Upgrade Project, in the Amount of $2,067,000.00, and the Corresponding Financing of the Project.
What this record is
- Held by
- Efficiency Network 2 records across this site
- Amount
- $2.07M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
- Field
- Utilities & energy
utilities & energy contracts in IL 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.
Read automatically from the title of the official record. The source document below is authoritative.
Efficiency Network also holds
Communication from the City Manager with a Request to Authorize the City Manager to Enter into a LETTER of INTENT with THE EFFICIENCY NETWORK (TEN), i…- Committee
- City Council
- Requested by
- City Manager
- Introduced
- June 9, 2020
- On agenda
- June 23, 2020
- Passed
- June 23, 2020
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