Title
RESOLUTION 26-100, AUTHORIZING A TAX-EXEMPT LEASE-PURCHASE AGREEMENT WITH TD EQUIPMENT FINANCE, INC., FOR THE JOHNSON CONTROLS, INC., ENERGY PERFORMANCE CONTRACT (BFED-61)
Description
The Committee is in receipt of Resolution 26-100, entitled “AUTHORIZING THE COUNTY TO ENTER INTO A TAX-EXEMPT LEASE-PURCHASE AGREEMENT WITH TD EQUIPMENT FINANCE, INC., FOR PHASE 3 OF THE JOHNSON CONTROLS, INC., ENERGY PERFORMANCE CONTRACT UNDER SECTION 36-41, HAWAIʻI REVISED STATUTES.” Resolution 26-100’s purpose is to authorize the County, under Section 36-41, Hawai‘i Revised Statutes, to enter into a tax-exempt lease-purchase agreement through TD Equipment Finance, Inc., for Phase 3 of the County’s energy performance contract with Johnson Controls, Inc., at a cost of $9,021,259 for the work, plus interest at a rate of 4.49 percent.
Status
The Committee may consider whether to recommend adoption of Resolution 26-100, with or without revisions. The Committee may also consider the filing of Resolution 26-100 and other related action.