Title
Briefing on the City Building Electrification Plan, Facility Condition Assessment and Future Funding Strategies
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Managers Recommendation:
Receive a briefing on the City Building Electrification Plan, Facility Condition Assessment and future funding strategies.
Report
Issue:
Whether to receive a briefing on the City Building Electrification Plan, Facility Condition Assessment and future funding strategies.
Staff Contact:
Eli Cole, CFM, Facility Manager, Public Works, 360.753.8154
Presenter(s):
Eli Cole, CFM, Facility Manager, Public Works
Background and Analysis:
Facilities staff have completed our first facility electrification roadmap, and it provides the framework to transition our facilities away from fossil fuels by 2040. Facilities staff have also completed our fourth Facility Condition Assessment that feeds into the building electrification roadmap. By looking at both the facility condition assessment and the facility electrification plan together, staff have a framework that replaces assets after they have met their useful life with the opportunity to transition from fossil fuel to renewable electricity.
Staff will give the Finance Committee a briefing on the Facility Condition Assessment and the Facility Electrification Plan, including cost to maintain our important facilities while working to reach full electrification by 2040.
Climate Analysis:
In 2019, the City of Olympia signed a Resolution M-2320 that aligns with the Thurston Climate Mitigation Plan. This pledges that our facilities reach net zero emissions by 2040 and commits to establish an interim target to reduce carbon emissions 59% below our 2019 levels by 2030.
Equity Analysis:
There will be considerable opportunities for disadvantaged businesses to bid on these facility projects.
Neighborhood/Community Interests (if known):
The building electrification roadmap is aligned with the Thurston County Mitigation Plan that aims to reduce greenhouse gas emissions by 45% by 2030 and 85% by 2050.
Financial Impact:
The facilities capital repair and replacement fund (Fund 335) has a fund balance of $5 million at the end of 2025. The current revenue for Fund 335 is $1.8 million annually on average for the last 5 years.
Building Electrification
Building electrification and decarbonization is estimated to cost $36.6 million for complete electrification of City owned facilities by 2040. These investments would average 2.8 million annually.
Facility Condition Assessment
The Facility Condition Assessment has estimated $61 million in observed deficiencies over the next 13 years. These investments would average 4.7 million annually.
Options:
1. Receive a briefing on the City Building Electrification Plan, Facility Condition Assessment and future funding strategies.
2. Do not receive a briefing on the City Building Electrification Plan, Facility Condition Assessment and future funding strategies.
3. Take other action.
Attachments:
None