FISCAL IMPACT:
There is no direct fiscal impact resulting from the adoption of the Resolution of Acceptance and Notice of Completion, but the adoption and recording will limit the period for filing stop payment notices and bond claims on this contract.
BACKGROUND:
The solar photovoltaic system (“solar system”) involves constructing steel carport canopy structures with solar panels mounted on top of the canopy structures. The solar canopies have been located in the parking lot and will provide shade to the parked cars in addition to generating electricity.
During the first year of operation, the solar system is estimated to decrease the energy bill by approximately 80%. Based on the latest 12 months electric billing, the savings amount to approximately $70,000. The energy cost savings from a reduced electric bill will compound as utility costs continue to increase. Given the industry’s expectation that utility costs will continue to rise over the next 20 years, the solar system is estimated to save the County a total of $2 million over the span of 20 years.
On March 11, 2014, the County entered into a construction contract with Borrego Solar Systems, Inc. for the subject project. The above contract has been completed in accordance with the approved plans and specifications. It is recommended that the work covered by the contract be accepted by adopting a Resolution of Acceptance and Notice of Completion (Resolution No. 2015/135).
CONSEQUENCE OF NEGATIVE ACTION:
Accepting a contract as complete is standard procedure and allows for proper closeout of the contract. If the above contract is not accepted as complete, the period for filing stop payment notices and bond claims may be extended.
CHILDREN'S IMPACT STATEMENT:
Not applicable.