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Home My Public Portal About02-12-2013 loan order_201302080921204227 TOWN OF 1630 WATERTOWN Qa Office of the Town Manager Administration Building 149 Main Street Watertown,MA 02472 Phone:617-972-6465 Michael J. Driscoll Fax:617-972-6404 www.watertavn-ma.gov Town Manager townmgrCkvatertown-ma.gov To: Honorable Town Council From: Michael J. Driscoll,Town Manager Date: February 7, 2013 Re: AGENDA ITEM—PROPOSED LOAN ORDER Attached please find correspondence from Phyllis L. Marshall, Treasurer/Collector regarding ESCO Project Funding. As you are aware,Fiscal Year 2014 Budget Policy Guideline IC reads as follows: Implement the Energy Services Company (ESCO) program as recommended by the Town Council on October 2, 2012: • Move forward on the optimized $7.35M ESCO project. • Negotiate a contract with Johnson Controls for the ESCO project; including the addition of quarterly reports of energy usage in all buildings under agreement. • Review the establishment of an energy stabilization fund in which to place rebates, grants, and funds from departmental energy savings. The energy stabilization find will be used to pay the debt service on the energy efficiency projects incurred under the ESCO agreement. Therefore, in accordance with policy guidance from the Honorable Town Council, I respectfully request the attached Loan Order of $7,350,000 be placed on the February 12, 2013 Town Council Agenda as a First Reading. Thank you for your consideration in this matter. cc: Honorable School Committee Honorable Library Board of Trustees Department Heads John T.Loughran,Director of Business Services Beth S. Greenblatt,Beacon Integrated Solutions David J. Doneski,Esquire,Kopelman and Paige,P.C. Mark R.Reich,Esquire,Kopelman and Paige,P.C. E �� EDWARDS WILDMAN PAIMER HE I11 HUN7INGTON AVENUE O MA 02199 +1 617 239 0100 main +1 617 617 227 4420 fax adwar&,Ndman.com Richard A. Manley, Jr. 617.239,0384 fax 866.658.1046 rmanley@edwardswi Idman.com February 6, 2013 Peter B. Frazier, Senior Vice President First Southwest Company Municipal Advisory Group 54 Canal Street, Suite 320 Boston,Massachusetts 02114 Dear Peter: (Town of Watertown—Energy Efficiency Projects Loan Order) As requested I suggest the following form of loan order to approve the issuance of bonds or notes for making energy efficiency improvements to various Town buildings: Ordered: that, $7,350,000 is appropriated to pay costs of energy efficiency improvements to various Town buildings, as more frilly described in the presentation by Beacon Integrated Solutions presented to this Council on October 2,2012, including the payment of all costs incidental and related thereto, and that to meet this appropriation, the Treasurer with the approval of the Town Manager, is authorized to borrow said amount under and pursuant to G.L.c.44, §7(313), or pursuant to any other enabling authority, and to issue bonds or notes of the Town therefor, and that the Town Manager and the Treasurer are each authorized to take any and all other action necessary to carry out the purposes of this Order. The order must be published at least 5 days prior to the holding of a public hearing with respect to the order and its final passage and require at least a two-thirds vote, as in the case of any other loan order for bonds. Please call me if there are any questions about the suggested proceedings, I Y us f�ai/t�hfu/lly W_ ichard A.MauIcy, Jr. RAM AM 18152743.1 BOSTON MA I PT. LAUDERDALE FL I HARTFORD CT I MADISON Ni I NEW YORK NY I NEWPORT BEACH CA I PROVIDENCE RI STAMFORD CT WASHINGTON DC I WEST PALM BEACH FL I WILMINGTON DE I LONDON UK I HONG KONG(ASSOCIATED OFFICE) MEMORANDUM Date: February 6, 2013 To: Michael J. Driscoll, Town Manager From: Phyllis L. Marshall, Treasurer—Collector Subject: ESCO Project Funding Attached is a copy of the form of loan order for funding of the proposed Energy Services Contract (ESCO) Project as presented at the Special Town Council Meeting on October 2, 2012. In accordance with the recommended action in the attached copy of the Special Town Council Meeting, "...that the Town Council move forward on the optimized $7,350,000 ESCO Project...", negotiation of the Contract with Johnson Controls Inc. has been ongoing with Ms. Beth Greenblatt of Beacon Integrated Solutions and Mr. David Doneski of Kopelman & Paige coordinating with Ms. Parsons for the Town of Watertown. It is expected that the contract and attachments will be finalized this month. The proposed form of Loan Order includes only the costs for the Contract with Johnson Controls Incorporated for the Energy Conservation Measures. It does not include funding of Owner's Agent Services, project management or contingency for the project installation. Please contact me if you have any questions or need additional information regarding this matter. Attachments (4) `{ Watertown Town Council AdtnlnislralionBuilding 149 Main Street Y` Watertown, MA 02472 Phone:617-972.6470 ELECTED OFFICIALS: Mark S.Vitoria. Council President Stophon P.Corbail, SPECIAL TOWN COUNCIL MEETING Vice President TUESDAY, OCTOBER 2,2012 AT 6:30PIYI John A.Donohue, RICHARD E.MASTRANGELO COUNCIL CHAMBER Councliornt Large ADMINISTRATION BUILDING Susan G.Falkoff, Councilor At largo Pursuant to the Call of the Council President mud in accordance with Section 2.6 (c)(ii) Anthony Pelomba, of the Home Rule Charter authorizing the Council President to call special meetings, Councilor At Large the members of the Town Council of the City known as the Town of Watertown are Angeline B.Kounolis, hereby notified of a Special Meeting for the purpose of discussion and action on the District A Councilor below noted matters. Cociila Look, District a Councilor I Vincent J.Piccldni,Jr., MINUTES District C Councilor Kenneth M.Woodland, I. ROLL CALL: A Special Town Council meeting was called to order at 6:30 pm in District D councilor the Richard E. Mastrangelo Council Chamber, Administration Building. Present for the Ineeting were Councilors John A. Donohue, Susan G. Falkoff,Anthony Palomba, Angeline B. Kounolis, Cecilia Lenk, Vhicent J. Piecirilli,Jr., Kenneth M. Woodland, Vice President Stephen P. Corbett and Council President Mark S, Sideris. Also present were the Town Manager Michael J.Driscoll and Council Clerk Valerie Papas, 2. INFORMATIONAL PRESENTATION: a) Informational Presentation and action on the ESCO project. The Chair recognized Ms, Phyllis Marshall who provided background on the ESCO Project process which was initiated in 20K Ms, Beth Greenblatt Beacon Integrated Sointions provided a power point presentation on the final budget neutral project and twenty year contract. i Following the presentation, the Chair opened up the meeting to Councilors for questions and or comments. , 1 I I Vice President Corbett asked; who is Cite general contractor and what is the tinreframe of the project. Ms. Oreenblath indicated that the general contractor will be Johnson Controls who will provide most of the work in-house and will subcontract small portions, all according to prevailing wage laws. She noted that the project will begin in the spring of 2013 with lighting projects which will generate rebates that will offset the negative cash flow, Much of the work in schools will be to the heating and cooling systems and will take place in the smnmer when school is closed. The project will be completed by sprhig of 2014, Jini Cotton,Johnson Controls confirmed and elaborated on the tinieframe,scope of work, rebate program and completion date. Vice President Corbett stated that estimating energy savings can be difficult due to weather and hunian behavior and asked Mr. Cotton to elaborate. Mr, Cotton stated that some of the savings are pretty straight forward and therefore are guaranteed because they are calculated by using the current consuunption level versus the new energy equipment. Councilor Leak asked ]low the baseline changes over the twenty year contract. Mr.Cotton stated that there is a provision in the contract to deal with the baseline. Councilor Palomba asked if the rebates arc a onetime benefit. Mr. Cotton indicated yes. Councilor Kounelis staled that because of the human element involved; that she would like quarterly reports. Mr. Cotton stated that they have removed as much of the human element as possible with automated systems and controls that will generate head reports which can be read by the building managers and are reviewed quarterly by Johnson Controls. t Councilor Picoirilli stated that this project has been a long time conning; going back to 2008. He noted the tremendous value in the project and spoke in support of using an BSCO in order to get the project done and realize the savings as soon as possible. He further noted that the twenty year contract places the burden on Johnson Controls. Councilor Falkoff spoke in support of the program. The Chair thanked all those involved in this project; especially the Budget and Fiscal Oversight Committee and noted that the project will not only achieve 2 savings; but also a better heating and cooling canfort level for all those in town buildings and schools from employees to students. The Manager also thanked all those involved in the project and elaborated on tine Committee's action items which included establishing an energy stability fund and tine need for seed monies in the amount of$64,000 which he will bring forward on October 23`d. VOTE ONE: Councilor Piccirilli read and moved: Recommend that tine Town COUllcil move forward on the optimized $7,35M ESCO Project, seconded by Councilor Kounclis and adopted by uaanhmous roll call vote with Councilors John A. Donohue, Susan G. Falkoff,Anthony Palomba, Angeline B. Kounelis, Cecilia Lenk, Vincent J. Piceirilli, Jr., Kenneth M. Woodland, Vice President Stephen P. Corbett and Council President Mark S. Sideris voting in the affirmative. VOTE TWO: Councilor Piccirilli read and moved Recommend that the Town Co cell direct the Town Manager to negotiate a contract with Johnson Controls for tine ESCO project; including the addition of quarterly repots of energy usage in all buildings under agreement,seconded by Councilor Kounelis and adopted by unanimous roll call vote with Councilors John A. Donohue, Susan G, Falkoff, Anthony Palomba,Angeline B. Kounclis, Cecilia Leak, Vincent J. Piccirilli, Jr., Kenneth M, Woodland, Vice President Stephen R Corbett and Council President Mark S. Sideris voting in the affirmative. VOTE THREE: Councilor Piccirilli read and moved Recommend that the Town Council review fine establishment of an energy stabilization fund in which to place rebates,grants,and funds from departmental energy savings. The emergency stabilization fund will be used to pay the debt service on the energy efficiency projects incurred under the ESCO agreement,seconded by Councilor Woodland and adopted by unanimous roll tail vote with Councilor John A.Donohue, Susan G,Falkoff, Anthony Palomba, Angeline B.Kounelis, Cecilia Lenk, Vincent J. Plecirilli, Jr.,Kermeth M. Woodhvnd, Vice President Stephen P. Corbett and Couueil President Mark S. Sideris voting in the affirmative. 3, MOTIONS, ORDERS AND RESOLUTIONS: i a) Consideration and action on the Committee on Personnel and Town i Organization's recommendation to proceed with a Staffing and Operational Assessment of the Public Woks Department, The Chair noted that the Personnel Committee provided a report at file last meeting and tabled any action on tine matter so that Councilors could have I additional time to look over the revised Collins Center proposal. The Manager provided a brief overview of the DPW study and related transfer of funds, 3 t l Councilor Donohue moved to adopt the Committee's recommendation to move forward with the revised Collins Center proposal,seconded by Councilor Kounelis and adopted by mumbnous voice vote with Councilors John A. Donobue,'Susan Q Falkoff,Anthony Palomba,Angeline B. Kounelis,Cecilia Lenk, Vincent J. Piceirilli, Jr., Kemieth M. Woodland, Vice President Stephen P. Corbett and Council President Mark S. Sideris voting in the affirmative. Vice President Corbett moved file$21,000 transfer to fund the study,seconded by Councilor Lenk and adopted by unauunous roll call vote with Councilors John A. Donohue, Susan G. Falkoff, Anthony Palomba,Angeline B.Kounelis, Cecilia Lenk, Vincent J. Piceh-11h, Jr., Kenneth M, Woodland,Vice President Stephen R Corbett and Council President Mark S. Sideris voting in the affirmative. The Chair asked for a motion to Suspcnd file Rules for a late agenda item. So moved by Councilor Piceirilli, seconded by Couneilor Woodland and adopted by tuuanimous voice vote with Councilors Jottn A. Donohue, Susan G. Falkoff, Anthony Palomba, Angeline B. Kounelis, Cecilia Lenk,Vincent J, Piceirilli, Jr„ Kenneth M. Woodland, Vice President Stephen P. Corbett and Council President Mark S. Sideris voting in the affirmative, Tile Chair asked for a motion to send a letter of support for fi ndraising efforts to restore the Soldier's Monument at Saltonstall Park. So moved by Councilor Woodland, seconded by Councilor Falkoff and adopted by unanimous voice vote with Councilors Join A.Donohue, Susan R Falkoff,Anthony Palomba,Angeline B. Kounelis, Cecilia Lenk, Vincent J. Piceirilli,Jr.,Kenneth M. Woodland, Vice President Stephen P. Corbett and Council President Mark S. Sideris voting in the affirmative. 4. ADJOURNMENT: There being no fitrlher business to come before the Town Council, Councilor Donohue moved to adjourn the meeting at 8:15 pill, seconded by Councilor Woodland and adopted by unanimous voice vote. Addendum I hereby certify that at a regular meeting of the Town Council for which a quorum was present, the above minutes were adopted by unanimous voice vote on November 13,2012. Mark S. Sideris, Council President 4 I I I t rim ' Watertown i own of Energy Saving Performance Contracting Program Review and Update C)TIONS SOLU ji October 2, 2012 -verformance ContractingOverview General Approach ®®® Design-build energy efficiency project that leverages existing operating and energy budgets to implement turnkey energy efficiency and renewable energy solutions: Li Upgrade building infrastructure and increase building efficiency u Reduce operating and maintenance costs L3 Enhance operating staff productivity L3 Implement renewable energy strategies n Improve indoor air quality ® Enhance core curriculum by integrating innovative technologies with educational objectives x3�AC®N Town of Watertown Sufis2 ve%rformance ContractingOverview Illustrative Example - 25916' Operating Cost Savings G9E^,,.j,.�,ea?`�w,.+ .,.rm ��vr '+15;?I x.�q,K w^,vaW ' wa xv..�a••a'�mp'x��'ww„ � xmcra m�5:'1�.'+�n� . 144 ------ ---------- ------------------------------ Savings used to a " pay debt obligation 75 ----- 4' � � �;: ------ --------- ----- Its 1 �l I t ^ i54 ----- ---------- ---------- ------ cu a 25 ` ----------- --------- :----- l 1 t-- 4 _ q „p I I Before Program During Program After Program ; . ®Annual Operating Budget ❑Annual Carrying Cost of Program i s7EA CoN 'torso of Watertown 3@ige 3 oiv -Frogram Optimization Winnowing Process to Achieve Best Value JCI identified total technical ICI Coinducte' a Detailed Energy Audit potential fox(energy infrastructure upgrades in specified liuilduigs Jj Town and School stakehoolders.., Stakeholder Reviews and Winnowing reviewed and ehminated,prolects based;.on priorities and e'cononucs Town and School stakeholders andJCI Stakeholder Fnial'Optimization optunized project comprehensiveness to meet Town.nnancialrequiremehts r3�Ac o iv Town of Watertown Slide 4 Programt 1Z tl Winnowing Process Results q Total Technical Potential - Original Proposal u 16 Town and School Buildings ® 145 Energy Infrastructure Upgrade Projects F1 $10.6 Million in Energy Infrastructure Investments F-3 Cashflow: -$1.22 million during first 11 years; -$61,000 over 20 years. Winnowing - Initial Scope Refinement Fi 15 Town and School Buildings (removed Old Police Station) ® 118 Energy Infrastructure Upgrade Projects Li $8 Million in Energy Infrastructure Investments ® Cashflow: -$278,000 during first 6 years; $1.9 million over 20 years. BEA C O lv Slide 5 rrogram Optimization Recommended Project - Optimized by Department Staff Recommended Project Fi 14 Town and School Buildings Li 97 Energy Infrastructure Upgrade Projects ® $7.35 Million in Energy Infrastructure Investments Cashflow: -$144,281 over the first four years; $1.97 million over 20 years. Utility rebates of approximately $274,000 used to offset cashflow impact in early years. �4 BEACON Slide 6 ProposedJC1 t ize Program o�tn A'� "w r J"•; ,., � i w K. 3Y Jr wok t WYX`�wn11'� r a.� � ^lv.^ c"y t �y 4r, n' .w'ysrrn','5"l'`.,`„:4HmK • c''�M1F° v _ .a,�, �,Kk.;, ii.,r,�' k.!x° �+„x,�,.,°y � .,, "A r✓ f+ i O .0 .0 S S L �p O U kn C y fA VI = C C p v i 00 ..a i+ Y Y y O J 49 Description of Measure d d 3 C 1= E E 3 O 1 i O �- : 3 w m w' M t ai c Y r u _ aCj pr t- w W w Q Y •� O M h 3 z u a m Lighting- Fixture Retrofit (Lighting- Fixture Controls IBuildingEnvelope-Weatherization I v✓TQ , I , I I , I I ' ' 1130ding Envelope- Roof/Attic Insulation ( ✓-e I l 1 I I I c� IBuildingControls-Temperature Setback ✓� �f �✓ I ✓ I c✓ I / +Condition A- HVAC Mechanical Rehab c✓i I I I I JAir Handling Unit-VFD on Fans / I1V �HeatingSystem- BoilerReplacement IHeatingSystem-SteamTrapReplacement I I I 11 �Heating System - Pipe/Valve/Duct Insulation I �f I c? �✓' I I I I I I cal IPumpingsystem-VFDonHotWaterPumps jElectric Baseboard to Hot Water Baseboard Kitchen Hood -VFD on Exhaust Fan I I ✓/ I / ' i I ' ' lWater Conservation I ✓ ✓ Walk-in Coolers/Walk-in Freezers Energy Efficient Transformers Ilnstall Low-e Ceiling I Replacement Unit Ventilators I I JCI Proposed r ra Recommended Optimized Project Simple Payback Facility Project Cost Annual Savings Rebates in Years Watertown High School $1,959,803 $131,333 $48,992 14.5 Watertown Middle School $689,791 $58,925 $52,090 10.8 Hosmer Elementary School $870,227 $74,727 $33,976 11.2 (Lowell Elementary School $1,024,666 $55,721 $38,171 17.7 ICunniff Elementary School $807,959 $27,324 $18,002 28.9 Phillips Elementary School $440,149 $26,602 $2,397 16.5 �Watertown Town Hal 1 $415,289 $10,822 $14,350 37.0 (Watertown Library $107,030 $16,372 $11,324 5.8 Main Fire Station $260,089 $6,952 $10,166 35.9 North Fire Station $20,842 $1,974 $25 10.5 East Fire Station $121,367 $1,662 $3,522 70.9 Department of Public Works $211,303 $27,949 $7,257 7.3 Ice Rink $307,539 $31,225 $31,833 8.8 ISeniorCenter $91,624 $1,627 $1,961 55.1 Investment Grade Audit Cost $37,565 - - - Total $7,365,245 $473,215 $274,066 15.0 BOAC®N Town of Watertown Slide 8 JC1 Proposed ro ra Cash-flow Analysis at 3. 195vo Net Interest Cost TOTAL ANNUAL COST ANNUAL SAVINGS ANNUAL YEAR Debt Service's M&V Total Total CASHFLOW 1 $512,175 $19,800 $531,975 $473,215 $58,760 2 $510,175 $20,394 $530,569 $487,411 $43,158 3 $508,050 $21,006 $529,056 $502,034 $27,022 4 $510,800 $21,636 $532,436 $517,095 $15,341 5 $508,300 $22,285 $530,585 $532,608 $2,023 6 $510,675 $22,954 $533,629 $548,586 $14,957 7 $512,800 $23,642 $536,442 $565,043 $28,601 8 $509,675 $24,352 $534,027 $581,995 $47,968 9 $510,600 $25,082 $535,682 $599,455 $63,773 10 $510,825 $25,835 $536,660 $617,438 $80,779 11 $508,575 $26,610 $535,185 $635,961 $100,777 12 $510,975 $27,408 $538,383 $655,040 $116,657 13 $512,850 $28,230 $541,080 $674,691 $133,611 14 $509,200 $29,077 $538,277 $694,932 $156,655 15 $510,200 $29,949 $540,149 $715,780 $175,631 16 $510,675 $30,848 $541,523 $737,254 $195,731 17 $510,625 $31,773 $542,398 $759,371 $216,973 18 $510,050 $32,726 $542,776 $782,152 $239,376 19 $508,950 $33,708 $542,658 $805,617 $262,959 20 $512,325 $34,719 $547,044 $829,785 $282,741 $10,208,500 $532,033 $10,740,533 $1Z715',464 $1;974,931 Debt service is based on assumption of level payments with a net interest cost of 3.19%. Total principal borrowed of$7,365,000 includes the cost of the Investment Grade Energy Audit. 1. Debt service is before rebates of$274,066 which will be used to offset early year cashflow impacts. sE Ac o zv Towne of Watertown Slide 9 .b�A� JCI Proposed CashflowAnalysis at 3.596' Net Interest Cost TOTAL ANNUAL COST ANNUAL SAVINGS - ANNUAL YEAR Debt Service" M&V Total . Total :. 'CASHFLOW 1 $517,775 $19,800 $537,575 $473,215 $64,360 2 $518,675 $20,394 $539,069 $487,411 $5 1 ,658 3 $519,225 $21,006 $540,231 $502,034 $38,197 4 $519,425 $21,636 $541,061 $517,095 $23,966 5 $519,275 $22,285 $541,560 $532,608 $8,952 6 $518,775 $22,954 $541,729 $548,586 $6,857 7 $517,925 $23,642 $541,567 $565,043 $23,476 8 $516,725 $24,352 $541,077 $581,995 $40,918 9 $520,175 $25,082 $545,257 $599,455 $54,198 10 $518,100 $25,835 $543,935 $617,438 $73,504 11 $515,675 $26,610 $542,285 $636,961 $93,677 12 $517,900 $27,408 $545,308 $655,040 $109,732 13 $519,600 $28,230 $547,830 $674,691 $126,861 14 $515,775 $29,077 $544,852 $694,932 $150,080 15 $516,600 $29,949 $546,549 $715,780 $169,231 16 $516,900 $30,848 $547,748 $737,254 $189,506 17 $516,675 $31,773 $548,448 $759,371 $210,923 18 $520,925 $32,726 $553,651 $782,152 $228,501 19 $519,475 $33,708 $553,183 $805,617 $252,434 20 $517,500 $34,719 $552,219 $829,785 $277,566 $10,363,100 $532,033 $10,895,133 $12,715,464 $1,820,331 Debt service is based on assumption of level payments with a net interest cost of3.5%. Total principal borrowed of$7,365,000 includes the cost of the Investment Grade Energy Audit. Debt service is before rebates of $274,066 which will be used to offset early year cashflow impacts. Y33E Ac�3 i�r ToWn®f lVateefll�ll Slide 10 , ' ,, „ , JC1 Proposed Program CashflowAnaly-sis at 3.596NIC with 6Month Ban N a S r4 S". A N AL' AVI' G YEAR�Tlj'�.,� Debt Senhce(ll M&V Total Total r1l .�CA I SHIFLOW 1 $183,800 $19,800 $203,600 $118,304 $85,296 2 $524,560 $20,394 $544,954 $487,411 $57,543 3 $527,812 $21,006 $548,818 $502,034 $46,784 4 $532,575 $21,636 $653,536 $517,095 $36,441 5 $531,900 $22,285 $553,160 $532,608 $20,552 6 $530,875 $22,954 $552,454 $548,586 $3,868 7 $529,500 $23,642 $551,417 $565,043 $13,626 8 $527,775 $24,352 $554,964 $581,995 $27,031 9 $530,613 $25,082 $553,095 $599,455 $46,360 10 $528,013 $25,835 $555,810 $617,438 $61,629 11 $529,975 $26,610 $558,022 s635,961 $77,939 12 $531,413 $27,408 $559,733 $655,040 $95,307 13 $532,325 $28,230 $556,030 $674,691 $118,661 14 $527,800 $29,077 $556,914 $694,932 $138,018 15 $527,838 $29,949 $562,212 $715,780 $153,568 16 $532,263 $30,848 $561,923 $737,254 $176,331 17 $531,075 $31,773 $561,138 $759,371 $198.235 18 $529,363 $32,726 $564,764 $782,152 $217,388 19 $532,038 $33,708 $562,808 $805,617 $242,809 20 $529,100 $34.719 $563.819 $829,785 $266,966 [1]Year I reflects; debt service and energysavings during construction. Debt service is based on 6 month BAN at 1.5% net interest cost and 19.5 yr Bond at a net interest cost of 3-5%,Savings in Yr- I reflects 250/0 of the annual performance guarantee of energy savings during the construction period. Yrz 2-20 reflect annual debt service, annual costs and guaranteed energy savings, post project construction- * Total principal borrowed of$7,365,000 includes the cost of the Investment Grade Energy Audit_ � Debt service is before rebates of$274,066 which will be used to offset early year cashilow impacts- SH98188 JC1 Proposed r ra Optimized Project Savings as a Percent of Baselin e Usage Baseline. Post Zetrofit i Percent Savings of Baseline Electricity Natural Gas Electricity Natural Gas Electricity Natural Gas l Facility (kWh) (MMBtu) (kWh) (M V1Btu) (kWh) (MMBtu) JHighSchool 1,264,920 13,123 307,738 4,166 24.33% 31.75%] Middle School 691,248 4,389 251,014 1,346 36.31% 30.67%1 JHosmerES 759,410 7,937 178,734 2,728 23.54% 34.37%] JLowellES 354,720 6,282 103,157 2,751 29.08% 43.79% ICunniff ES 284,400 3,184 87,555 878 30.79% 27.58% JPbfts ES 175,424 3,926 15,352 1,357 8.75% 34.56% Town Hall 287,640 1,134 38,078 313 1324% 27.60% Library 595,560 1,637 61,444 327 10.32% 19.98% Main Fire Station 125,880 1,002 19,961 248 15.86% 24.75% North Fire Station 41,239 475 116 125 0.28% 26.32% IEast Fire Station 56,344 471 101 108 0.18% 22.93% IDPW 423,780 5,431 49,258 1,349 11.62% 24.84% IIce Rink 617,084 1,961 142,684 630 23.12% 32.13%1 1 Senior Center 26,784 195 5,835 48 21.79% 24.62% �Overall. 5,704,433 51,147 1,261,027 16,374 22.11% 32.01%1 z37EAColy Town of Watertown Slide11 Next Steps ®®® Contract negotiations u Kopelman and Paige, supported by Beacon will negotiate with JCI: Terms and conditions ® Final scope of work ® Measurement and Verification plan Commissioning plan ® Training plan Li Final draft agreement for Council consideration in December 2012 ® Anticipated execution in January 2013 ® Loan order in February 2013 �3Eac o rr Teen 6f Watertown SIpde t2 ,b�A� Questions Thank You Beacon Integrated Solutions P.O. Box 320325 Boston, MA 02132 bgreenblatt@beacon-llc.com www.beacon-llc.com 33EAC01�T Town of Watertown Slide 13 �.m ao trcrc.