The City of Wichita Falls is spending millions of dollars in an effort to save Texomans millions.
The city is making efforts to go green and save annual energy costs. Jim Dockery, Wichita Falls Chief Financial Advisor and Assistant City Manager, said, "There are some benefits and we are going to be utilizing less energy so it is a green type approach."
City officials say the benefits are well worth spending the money. Dockery explained the Energy Saving Project at city council on Tuesday. Dockery said the city hired Noresco, an outside consulting company at more than $5,000,000 to provide the city with an engineering analysis and to replace outdated energy equipment.
Dockery said, "They will be managing the project for us, they will be designing the project for us and they will provide us a guarantee on the savings."
City officials say the new equipment includes replacing more than 7,000 light fixtures. light bulbs, and old heating and air condition units in 10 of the city's facilities. The project also includes an automatic controlling system.
The city decided to take out a loan to pay Noresco $5,000,000 up front. City officials say they will have 12 years to pay back the loan. They plan to use the yearly savings from energy utilities to pay off the loan.
Jim Dockery says the city expects the entire project to last 16 months. At this point they are planning to start taking bids on construction.