Title
Amending the Public Works grant budget for a Department of Energy grant of $3,650,237.
Body
WHEREAS, the City of Saint Paul is leading the Twin Cities Electric Vehicle Mobility Network (TCEVMN) project which will deliver 70 EV (electric vehicle) charging hubs across Saint Paul and Minneapolis, and each hub will provide both public EV charging and EV charging dedicated to use by an EV carshare service that will be operated by HOURCAR; and
WHEREAS, in collaboration with American Lung Association, Xcel Energy, HOURCAR, and East Metro Strong, with American Lung Association as the lead applicant, the City pursued federal Department of Energy funding to support the TCEVMN and also to fund an additional pilot program through which HOURCAR and Xcel will offer EV carshare within multi-family residential developments in the Twin Cities; and
WHEREAS, the application was successful and $6.7 million was awarded to the applicants by the Department of Energy, with the City of Saint Paul receiving a subgrant of $3,650,237 to be utilized over the next 3 years to support the TCEVMN project implementation; and
WHEREAS, the City committed to completion of the project under Council Resolutions 20-1370 and 20-1371; and
WHEREAS, the funds will be used to purchase electric charging equipment and for project delivery and management, as described in greater detail in the attached subgrantee budget document; now,
THEREFORE, BE IT RESOLVED, by the City Council of the City of Saint Paul, upon recommendation of the Mayor, that $3,650,237 is available for appropriation in the Elect V Charging Stations budgets, as heretofore adopted and amended by this Council, is hereby further amended in the following particulars:
Financial Analysis
See Attachment.