MIAMI-DADE COUNTY · LOCALlocal legislation3-Day Rule

Local Impact

Approval of Energy Efficiency Contract for PortMiami

Original title: RESOLUTION APPROVING AND AUTHORIZING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO EXECUTE AN ENERGY PERFORMANCE CONTRACT WITH HONEYWELL INTERNATIONAL INC. IN THE AGGREGATE AMOUNT OF $5,474,947.00, INCLUSIVE OF THIRD-PARTY FINANCING IN AN AMOUNT NOT TO EXCEED $5,085,433.00 AND OPERATION AND MAINTENANCE COSTS OF UP TO $389,503.00, WHICH WILL BE FINANCED THROUGH CONTRACTUALLY GUARANTEED COSTS SAVINGS TO IMPLEMENT ENERGY CONSERVATION MEASURES AT PORTMIAMI; APPROVING THIRD PARTY FINANCING FOR THE PROJECT AFTER PUBLIC HEARING AS REQUIRED BY SECTION 147(F) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED; AND WAIVING RESOLUTION NO. R-130-06 (Port of Miami)

May 8, 2018

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The Frame

What this does

The county is committing to a $5.47 million infrastructure project at PortMiami that will be paid for through future energy savings rather than upfront tax revenue.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Honeywell International Inc.

They are the primary contractor receiving the $5.47 million award to perform energy efficiency work.

PortMiami

The facility will undergo physical upgrades to its energy systems.

What changed

Last recorded activity May 8, 2018.

What's next

Next step not available in the current record.

Summary

This resolution authorizes the County Mayor to enter into a $5.47 million with Honeywell International Inc. to implement energy-saving measures at PortMiami. The project costs will be covered by guaranteed energy savings and third-party financing.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

How will the county pay for this $5.4 million project?

The project is financed through 'guaranteed cost savings,' meaning the energy savings generated by the new equipment are expected to cover the costs of the contract.

What is the role of Honeywell International Inc. in this project?

Honeywell is the contractor responsible for implementing the energy conservation measures at PortMiami.

Why It Matters

The county is committing to a $5.47 million infrastructure project at PortMiami that will be paid for through future energy savings rather than upfront tax revenue.

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