Opening of Qualifications - SBFD & MLK GESC Proj No 125-008 - CMTA

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- • RFQ Response for Guaranteed Energy Savings Contract 40 s • • CMTA South Bend Central Fire Station & MILK Dream Center Solar PV • • . • • City of South Bend, Indiana • • 0 b. Identify tax credits, grants, and incentives that may be available to the Owner for funding this project and describe your expertise in securing them. CMTA is not a lobbyist, nor do we receive any additional financial incentive for helping Owners procure external subsidies. Nevertheless, CMTA has secured over $20 million dollars in external financial assistance for our clients over the past ten years. This assistance has come in the form of prescriptive and custom utility rebates; utility rate savings and reimbursements; federal, state, and local grants; and interest -free financing. We are experts at maximizing the benefits of the Inflation Reduction Act for our public clients. In the next three years, our clients will be securing over $130 million dollars in federal funding in response to projects that we are designing and implementing. We will exhoustevery opportunity to provide the Cityof South Bend with 'free dollars" to bring the maximum value possible to this project. In addition, we will calculate and apply for all local utility rebates available to the City of South Bend as a result of the project to reduce the amount of financing required. We will submit all required paperwork to secure prescriptive and custom rebates for applicable energy conservation measures. CMTA has also helped past clients obtain over $9.3 million dollars in state, federal, and utility grants. CMTA will seek out any grants on behalf of the City of South Bend and complete the application process. Because this process occurs before a contract is executed, this money can be used to increase the overall scope of a GESC project or to decrease the amount of required Owner contribution. c. Disclose any relationships with financial institutions. Determining the return on investment and structuring the project financing should not be difficult, and CMTA will make sure it feels this way. In all cases, the City of South Bend will pay for the project either using locally available funds, financed/borrowed funds, and/or energy savings. The most likely scenario is that some amount of financed/borrowed funds will be a part of the project. In this case, a licensed municipal advisor is required to do the actual solicitation work from banks and lenders on the City of South Bend's behalf. This ensures compliance with the Dodd -Frank Act. This third -party licensed municipal advisor will have a fiduciary duty to act in the best interest of the City of South Bend and secure the best deal for the client - not for CMTA or anyone else. CMTA believes that consulting a third -party financial advisor ensures the financing portion of this project goes smoothly. These companies have a legally binding fiduciary responsibility to act in the best interest of the City of South Bend (rather than on behalf of CMTA). This ensures that the City will get the best terms available. CMTA does not profit from the financing in any way. Regarding which licensed municipal advisor executes the deal, CMTA has relationships with multiple qualified municipal advisors that have successful proven track records taking the issue to market. This includes Hannon Armstrong and Bank of America. Alternatively, CMTA can work with the City's existing advisors to create the investment information package that is taken to market. Page 1 16 Page content is proprietary and confidential 9 — Financial Guarantees Performance Contracting I MEP Engineering I Zero Energy Engineering I Technology I Commissioning