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2005/06/14 City Council Resolution (8)RESOLUTION NO. 2005 -171 RESOLUTION APPROVING CERTAIN ENERGY CONSERVATION MEASURES AUTHORIZING THE EXECUTION OF AGREEMENTS, SIGNATORIES AND MAKING OTHER DETERMINATIONS IN CONNECTION THEREWITH WHEREAS, the City Council of the City of Rohnert Park (the "City ") is authorized pursuant to Sections 4217. 10 through 4217.18 of the California Government Code (the "Act ") to enter into energy conservation contracts pursuant to which the City may acquire and finance equipment and services to reduce energy use or to make for a more efficient use of energy; and WHEREAS, pursuant to the Act, the City proposes to enter into an agreement with APS Energy Services (the "APS Contract ") for the acquisition and installation of a mechanical retrofit and energy management project (the "Project "); and WHEREAS, Municipal Finance Corporation or enter into a Lease With Option to Purchase (the financing for the Project in the approximate an 4.75% annual percentage rate; its designee (the "Corporation ") has offered to "Lease ") with the City in order to provide lease ount of $1,200,000.00 at a rate not to exceed NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rohnert Park as follows: Section I. The City Council hereby finds, determines and declares as follows: (a) The anticipated cost to the City for "Conservation Services" as defined in Section 4217.11(c) of the Act and as provided for by the APS Contract, the Lease and the Project will be less than the anticipated marginal cost to the City of energy that would have been consumed by the City in the absence of the Project. (b) To the extent that the APS Contract and/or the Lease grant easements, rights -of- way, licenses, rights of access, or other rights in the real property of the City upon which the Project will be constructed and installed, the difference, if any, between the fair rental value of such rights and the portion of the rent under the Lease attributable to such rights, is anticipated to be offset by benefits provided to the City under the APS Contract and the Lease. (c) Funds for the , payment of amounts due under the Lease are projected to be available from funding which otherwise would have been used for the purchase of energy required by the City in the absence of the Project. SECTION 2, Lease with Option to Purchase. The Mayor, City Manager or a designee is hereby authorized to enter into a Lease with Option to Purchase (the "Lease ") with the Corporation to finance the Property, subject to approval as to form by the City Attorney. SECTION 3. Attestations. The Clerk or other appropriate City officer are hereby authorized and directed to attest the signature of the Mayor or City Manager or of such other person or persons as may have been designated by the Mayor or City Manager, and to affix and attest the seal of the City, as may be required or appropriate in connection with the execution and delivery of the Lease. SECTION 4. Other Actions. The Mayor, City Manager and other officers of the City are each hereby authorized and directed, jointly and severally, to take any and all actions and to execute and deliver any and all agreements, documents and certificates which they may deem necessary or advisable in order to carry out, give effect to and comply with the terms of this Resolution and the Lease. Such actions are hereby ratified, confirmed and approved. SECTION 5. Effect. This Resolution shall take effect immediately upon its passage. The foregoing Resolution was adopted by the following vote of the City Council of the City of Rohnert. Park, at a regular meeting thereof duly called and held on June 14 .2005: CITY- OF ROHNERT PARK Mayor Jape Mackenzie FLORES: AYE SMIM: A,YE SPRADLIN: ABSENT VI DAK MARTINEZ: AYE MACKENZIE: AYE AYES: (4) NOES: (0) ABSENT: (1) ABSTAIN: (0)