Finance Highlights 03/03/25
Item 20.02.25: committee discussed the cost savings and benefits of the new train chiller on the city hall roof, along with the control systems approved in the last budget. This was a request to authorize the mayor to sign a contract at through the end of fiscal year 2025. Since replacing the old chiller—original to the building—City Hall has reduced annual electricity use by over 14%. The previous system was outdated and inefficient, struggling to keep up with demand. The new chiller, installed by crane, has significantly improved performance and energy efficiency. Since May 2024, the City has saved over $40,000 in energy costs. Despite a 6% increase in electricity rates, annual electricity costs have dropped by more than 8%. The updated control systems provide better management of heating and cooling, allowing for more precise adjustments by zone and time of day. These improvements have made the system more efficient, cost-effective, and user-friendly.
Agenda: https://bit.ly/4bp0oBA
Upcoming meeting schedules: https://bit.ly/3bvufcT
Archived meetings: http://bit.ly/2UiSIaA
Watch the full video above to learn more about all the items presented.
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