Posting Language
Title
Approve issuance of a rebate to Waters at Bluff Springs LLC, for performing energy efficiency improvements at the Waters at Bluff Springs Apartments, located at 7707 South IH-35, in an amount not to exceed $99,500.
De
Lead Department
Austin Energy
Fiscal Note
Funding is available in the Fiscal Year 2019 Operating Budget of Austin Energy.
Prior Council Action:
March 28, 2019 - Approved rebate to Waters at Bluff Springs LLC for energy efficiency improvements at the Waters at Bluff Springs Apartments for up to $187,829.
For More Information:
Jeff Vice, Director, Local Government Relations (512) 322-6087; Denise Kuehn, Director, Energy Efficiency Services (512) 322-6138.
Council Committee, Boards and Commission Action:
June 10, 2019 - To be reviewed by the Electric Utility Commission.
June 18, 2019 - To be reviewed by the Resource Management Commission.
Additional Backup Information:
Austin Energy requests approval to issue a rebate to Waters at Bluff Springs LLC, in an amount not to exceed $99,500, for energy efficiency measures at the Waters at Bluff Springs Apartments located at 7707 South IH-35, in Council District 2.
This property consists of 300 apartment units. The average rent for a one-bedroom unit is $869, a two-bedroom unit is $1,068, and a three-bedroom unit is $1,419. This property is recognized by the IRS as a 501(c)(3) not-for-profit provider of low-income housing.
On March 28, 2019, Council approved issuance of a rebate to The Waters at Bluff Springs LLC to implement energy efficiency measures at the same property. The measures included lighting, solar screens and duct remediation for a cost of $187,829. In May 2019, Austin Energy introduced new and enhanced energy efficiency rebate offerings for which the property has applied. The combined total of the previously approved and proposed rebates do not exceed the $300,000 annual cap.
The proposed measures to be implemented at the Waters at Bluff Springs Apartments include...
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