Council Bill No. O-24-33, sponsored by Klarissa Pena, has been enacted as Ordinance No. O-2024-026.
The ordinance involves accepting the investment-grade audit report and approving the Energy Savings Performance Contract (EPC) between the City of Albuquerque and Yearout Energy Services Company, LLC. This approval is subject to City Council's subsequent approval of a separate financing transaction to cover the costs associated with the EPC.
The ordinance authorizes the execution and delivery of the EPC along with other related agreements and documents. It also ratifies actions previously taken concerning the EPC and repeals any conflicting ordinances or prior actions.
