RECOMMENDATION(S):
APPROVE and AUTHORIZE the Public Works Director, or designee, to submit an application and EXECUTE a loan agreement with Pacific Gas and Electric Company, if approved, for an energy saving project to be repaid at zero interest.
FISCAL IMPACT:
No fiscal impact. PG&E will loan Contra Costa County the necessary construction funds to complete the energy project. The loan is at zero percent interest for a maximum of 10 years, billed on the County's monthly PG&E electricity bill. The monthly loan payments are structured such that they equal the monthly energy savings so that there is "bill neutrality."
|