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Accepting the Advisory Recommendation of a Project Development Agreement with Ameresco Inc. Related to a guaranteed Energy Savings Contract for Century Center
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Accepting the Advisory Recommendation of a Project Development Agreement with Ameresco Inc. Related to a guaranteed Energy Savings Contract for Century Center
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8/13/2014 3:30:36 PM
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8/13/2014 3:28:57 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
8/11/2014
Ord-Res Number
4382-14
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Ameresco submits the Project Proposal to Client. If Client and Ameresco enter into an ESA which <br />includes the Scope of Work, Client will not be billed the Project Development Fee due under this <br />Project Development Agreement as the Implementation Price shall be all inclusive. In the unlikely <br />event that Ameresco is unable to develop a project that would result in sufficient energy savings <br />and /or avoided future capital or operational costs to Client so that the installation costs can be paid <br />from said savings over a period not to exceed 15 years, then Client is not obligated to reimburse <br />Ameresco the Development Fee; provided, bowever, that Ameresco will be deemed to have satisfied the <br />requirements of Section 1(b) above should Ameresco's failure to meet the requirements of such <br />section result from either (a) a material adverse change in Client's credit or bond rating or (b) an <br />increase in interest rates such that the costs associated with the Scope of Work increase due to <br />conditions beyond the control or fault of Ameresco. <br />3. Ameresco's receipt of an executed copy of this Development Agreement shall be evidence of <br />Client's agreement to the terms and conditions of this Development Agreement and its <br />authorization of and notification to Ameresco to proceed with the Project Development Work. <br />Ameresco will thereafter promptly initiate the Development Work. <br />4. This Development Agreement and exhibits hereto, if any, shall (a) constitute the entire <br />agreement between the Parties relating to the subject matter hereof, (b) supersede all previous <br />agreements, discussions, communications and correspondences with respect to the subject matter <br />hereof and (c) only be amended, supplemented or modified by a written instrument executed by <br />both Parties. If any provision of this Development Agreement is held by a court of competent <br />jurisdiction to be unenforceable, no other provision shall be affected thereby, and the remainder of <br />this Development Agreement shall be interpreted as if it did not contain such unenforceable <br />provision. <br />5. Client hereby agrees to provide timely and complete access to all necessary property and energy <br />consumption and cost records for the three (3) years preceding the commencement of Ameresco's <br />services. Client will make available the assistance of such personnel as may be necessary for <br />Ameresco's performance of the Development Work hereunder. If, during the performance of the <br />Development Work, Ameresco should conclude, as a result Ameresco may, by written notice to <br />Client, terminate this Agreement. <br />6. In no event shall Ameresco be liable for any special, consequential, incidental, punitive, exemplary <br />or indirect damages in tort, contract or otherwise, including, without limitation, loss of profits, loss of <br />use of the Facilities or other property, or business interruption, howsoever caused, in connection with <br />this Development Agreement. <br />7. Ameresco and Client represent and warrant to each other that (a) the execution, delivery and <br />performance of this Project Development Agreement have been duly authorized and approved by <br />all necessary organizational action on the part of such Party, (b) the signatories hereto have been <br />duly authorized by all necessary organizational action of such Party to sign and deliver this <br />Development Agreement and (c) upon execution this Development Agreement will constitute a <br />legal, valid and binding obligation of such Party. <br />8. In the event Customer and Ameresco fail to execute an ESA as provided in paragraph 2 above, <br />because Ameresco will not therefore be engaged to perform services in connection with the <br />Development Agreement DAC 7/7/14 <br />
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