Item Description:
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Agmt PR00007873 with Energy Center Minneapolis, LLC (Cordia) to provide steam and chilled water utilities to the 701 Building, 11/15/25-11/15/30, NTE $3,575,000
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Resolution:
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BE IT RESOLVED, that Agreement PR00007873 with Energy Center Minneapolis, LLC (Cordia) to provide steam and chilled water utilities to the 701 Building, for an initial term of five (5) years, effective November 15, 2025 through November 15, 2030, with a not to exceed amount of $3,575,00 be approved; that the Board Chair be authorized to sign the agreement on behalf of the county; and that the Controller be authorized to disburse funds as directed; and
BE IT FURTHER RESOLVED that the Purchasing Manager may extend the Agreement by exercising up to 3 additional 5-year extension options and increase the Agreement amount and amend the Agreement as necessary.
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Background:
The 701 Building, located at 701 4TH Ave S in Minneapolis, was purchased by the county in June 2011. The county assumed the existing 20-year steam and chilled water utility services contract as part of the purchase. This contract expired in December 2024 and has been extended month-to-month as the new contract was negotiated. The county negotiated a new five (5) year contract (PR00007873) with Energy Center Minneapolis, LLC (Cordia) with the option for 3 additional five (5) year renewals.
Current request: This request seeks approval of PR00007873 with Energy Center Minneapolis, LLC (Cordia) to provide steam and chilled water utility services for an initial term of five (5) years to the 701 Building effective November 15, 2025 through November 15, 2030, with a not to exceed amount of $3,575,000 including a 30% contingency for the initial term and three additional five (5) year renewal options.
Impact and outcomes: This contract will allow Cordia to provide steam and chilled water utility services to the 701 Building for the purpose of heating and cooling the building.
recommendation
Recommendation from County Administrator: Recommend Approval