July (pdf) - New York Power Authority

July 26, 2011
“The window replacement project is subject to a Customer Installation Commitment (‘CIC’) agreement between
the Authority and the City of New York. The CIC will form a part of the Energy Efficiency-Clean Energy Technology
Program (ENCORE II) Agreement effective March 18, 2005 by and between the Authority and the City of New York.
The CIC will be fully executed by the Authority and the City prior to awarding a contract to the successful bidder.
FISCAL INFORMATION
“Financing for the overall Project will be provided by previously-approved funds in the GCESP. The
existing funding will be provided from the proceeds of the Authority’s Commercial Paper Notes and/or the
Operating Fund. All Authority costs, including Authority overheads and the costs of advancing funds, will be
recovered from the participant, consistent with other Energy Services and Technology Programs.
RECOMMENDATION
“The Acting Senior Vice President – Energy Services and Technology recommends that the Trustees
approve a contract award up to the amount of $8.8 million to Whitestone Construction Corporation for the
Furnishing/Delivery/Installation of energy efficient windows.
“For the reasons stated, I recommend the approval of the above-requested action by adoption of a
resolution in the form of the attached draft resolution.”
The following resolution, as submitted by the President and Chief Executive Officer, was unanimously
adopted.
RESOLVED, That pursuant to the Guidelines for Procurement
Contracts adopted by the Authority and the Authority’s Expenditure
Authorization Procedures, the Trustees hereby authorize the award of a
procurement contract in an amount up to $8.8 million to Whitestone
Construction Corporation for furnishing, delivery and installation of
energy efficient windows for NYC Health & Hospitals Corporation at its
Coney Island Hospital facility; and be it further
RESOLVED, That Commercial Paper and/or Operating Fund
monies will be used to finance contract costs in the amounts and for the
purposes listed below:
Commercial Paper Expenditure Authorization Expiration
Operating Funds (not to exceed) Date
Whitestone Construction $8,800,000 8/1/2013
Corporation
AND BE IT FURTHER RESOLVED, That the Authority’s
Commercial Paper Notes, Series 1, Series 2 and Series 3, may be issued
and Operating Fund monies may be used to finance the Project costs;
and be it further
RESOLVED, That the Trustees authorize the President and
Chief Executive Officer, the Acting Senior Vice President – Energy
Services and Technology or such other officer designated by the President
and Chief Executive Officer to execute agreements and other documents
between the Authority and NYC and to execute agreements and other
documents, as required, having such terms and conditions as such
executing officer deems advisable, subject to the approval of the form of
such agreement by the Acting General Counsel, as necessary or
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