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<br /> <br /> <br />“Page content is subject to Confidentiality Restrictions” <br /> <br />City of Arvada, Colorado | Project #37213 | M&V Report – Year 2 | Page 5 <br /> <br /> <br />City of Arvada, Colorado <br />Executive Summary <br />Project Background <br />In January of 2020, the City of Arvada (COA) entered into an Energy Performance Contract (EPC) with Ameresco, Inc. <br />The goal of the EPC project was to address infrastructure issues at the Arvada Center, reduce the City’s energy usage <br />at multiple facilities, and reduce the City’s energy costs at multiple facilities. <br /> <br />The project was completed in March of 2021. This Measurement and Verification (M&V) report documents the energy <br />and cost savings achieved during the second performance period from April 1st, 2022 through March 31st, 2023. The <br />verified annual cost savings for this period were found to be $251,370. Project highlights are summarized in the table <br />below. <br /> <br /> <br /> <br /> <br />Initial Project Costs: $ 4,550,563 <br />Final Project Costs: $ 4,550,563 <br />Second Year Guaranteed Utility Cost Savings: $ 206,992 <br />Second Year Guaranteed O&M Savings: $ 39,559 <br />Second Year Guaranteed Total Savings: $ 246,551 <br />Contract Term: 3 years <br />Project Acceptance Date: March 8th, 2021 <br />Contract Term/Performance Period Start Date: April 1st, 2021 <br />Contract End Date: March 31st, 2024 <br />M&V Annual Reporting Cycle: April 1st – March 31st <br /> <br /> <br /> <br />Ameresco made an on-site visit to facilities included in the project on 4/24/2023. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />