Title
Amending budgets for energy projects financed through the $5 million Green Energy Program.
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WHEREAS, on February 13, 2019 the City Council approved an appropriation of $5 million in the Capital Improvement Budget to establish the Green Energy Loan Program, now known as the Green Energy Program; and
WHEREAS, the Green Energy Program was established by the Mayor and City Council as a means of financing energy projects that support sustainable economic, social and environmental development through the implementation of energy efficient and renewable energy measures; and
WHEREAS, since the program's inception, the City has completed more than 40 energy improvement projects in fire stations, libraries, police facilities, recreation centers, public works operations buildings, and exterior lighting for trails and parking lots. Improvements have included new LED lighting, equipment and controls for heating, ventilation and air conditioning (HVAC) systems, and other energy efficiency technology; and
WHEREAS, said project activity has noticeably reduced the City's carbon footprint and energy consumption over the past several years and enabled the City to take significant strides toward achieving its goal of carbon neutrality for city facilities by 2030; and
WHEREAS, in addition to receiving project funding from internal city loans and the issuance of bonds, the City has received more than $400,000 in energy rebates from Xcel Energy; and
WHEREAS, the Green Energy Program is nearing completion, as most projects have been done and only six remain active, with one final project planned for HVAC improvements to the Police Headquarters and Central Station (Griffin Building); and
WHEREAS, the City now desires to reallocate funding between completed projects to close them out, to fully fund current projects in need of additional funding, and to allocate spending and financing budgets to establish said Police HVAC project; and
WHEREAS, the Mayor, pursuant ...
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