File #: 24-0218    Version: 1 Name:
Type: City Resolution Status: Passed
File created: 3/12/2024 In control: Concurrent Meeting of the Oakland Redevelopment Successor Agency / City Council / Geologic Hazard Abatement District Board
On agenda: 4/16/2024 Final action: 4/16/2024
Title: 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
Sponsors: Office Of The City Administrator
Attachments: 1. View Report And Attachment A&B, 2. View Legislation, 3. 90189 C.M.S.

Title

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