2022-14 - Authorize negotiations with CASTO for downtown development

Home Browse Search

� Power A Clean Future Ia Sustainable Attributes for Lakewood Development April 25, 2022 Lakewood aims to be a regional leader in climate action and sustainability. It is critical that city funding, abatements, and/or TIF funding be invested in developments that will assist the community in reaching its sustainability goal. To do this, development must take sustainability considerations into the design, construction, and operations of buildings. Buildings in the US are responsible for 39% of CO2 emissions, 40% of energy consumption, 13% of water consumption, and 15% of GDP per year. Below are the sustainability terms that support the community's sustainability goal. AEI Covered Bufld ngs • Certification of Sustainable Design and Performance — Owners find that buildings with strong environmental performance are more attractive to both occupiers and investors. Sustainability credentials are increasingly seen as a standard characteristic of good quality space. Failure, therefore, to meet what are now market norms may have an adverse effect on the time a building takes to let, lease lengths achieved, and the enthusiasm of occupiers to renew. Each building should be designed, constructed, and operated to one of the three certification standards below: o LEED Platinum and Zero Carbon Certification - The most widely used green building rating system in the world. LEED Platinum requires 80 points earned on the rating scale. LEED Zero Carbon recognizes net zero carbon emissions from energy consumption through carbon emissions avoided or offset over a period of 12 months. o High -performing Buildings Certifications - Certify in a program that requires Zero Energy performance such as PHIUS+ Source Zero, PHI Plus, PHI Premium, International Living Future Institute's Zero Energy Petal, Zero Carbon Petal, or Living Building Certification. o Energy Star Certified - Design, construct, and operate to be in the top quartile of energy efficiency for buildings with similar use and size. Third party certification would be required for three of the first five years of operation to ensure high -building performance to be Energy Star Certified. • Renewable Energy — Multi -family buildings carry a significant footprint, which makes it ripe for some form of renewable energy. Whether it is making the roofs solar -ready, utilizing green space for geothermal, or building thermal storage within the stormwater storage tanks, there should be some kind of renewable energy use on -site to lower the carbon footprint and reduce operating energy costs. In order to assist in accomplishing this effort, the office building, multifamily buildings, and parking garage will be solar ready including structure connection points on roof, empty conduits to a mechanical room, and a mechanical room sized 20% larger to accept future equipment. 12