4. A. 6.
Commissioners Court - Regular
Execute a contract with All American Investment Group, LLC for RFP No. 2945-13 Tax Exempt Lease Purchase Financing.
Elsa Saenz, Purchasing Department
Discuss and consider approval of a contract and related documents with All American Investment Group, LLC for RFP No. 2945-13 Tax Exempt Lease Purchase Financing for the Johnson Controls, Inc. Energy Savings Performance Project.
The County is requesting tax-exempt lease-purchase financing proposals to cover the cost of energy savings equipment and installation through an energy savings performance contract. The energy savings measures, for multiple facilities located at various locations within Nueces County, will cost approximately $5,568,957.00. Financing term is for fifteen (15) years with a fixed interest rate. The energy savings contract is with Johnson Controls, Inc., an Energy Savings Company (ESCO). Four proposals were received and reviewed by the Evaluation Committee.
Commissioners Courted awarded the contract to All American Investment Group on December 4, 2013.
Contract is to be paid from the savings achieved through the performance contract with Johnson Controls, Inc.
Information about available funds
Funds NOT Available:
Account Code(s) for Available Funds
Lease Purchase Agreement - 12-13-13
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