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File #: RES PH 20-254    Version: 1
Type: Resolution-Public Hearing Status: Passed
In control: City Council
Final action: 11/18/2020
Title: Approving a budget amendment allocating $8,114 from the Energy Conservation Loan Fund for the City's 25% share of the cost of a geothermal feasibility study of the Como Zoo/Conservatory Campus
Sponsors: Amy Brendmoen
Attachments: 1. RES PH 20-254 - Financial Analysis

Title

Approving a budget amendment allocating $8,114 from the Energy Conservation Loan Fund for the City's 25% share of the cost of a geothermal feasibility study of the Como Zoo/Conservatory Campus

 

Body

WHEREAS, the City of Saint Paul is committed to reducing its carbon footprint and energy consumption over the next several years, with the goal of being carbon neutral for its own facilities by 2030; and

 

WHEREAS, the Energy Conservation Loan Fund was established by the Mayor and City Council in the 2008 City budget 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, projects financed by the Energy Conservation Loan Fund should reduce energy consumption for City facilities, improve facility infrastructure and reduce carbon emissions, and generate measurable and significant annual energy savings; and

 

WHEREAS, projects should also generate measurable annual energy savings to be used to repay loans, as reviewed and approved by City Treasury; and

 

WHEREAS, the proposed Como Zoo and Conservatory Geothermal Feasibility Study is an option to more efficiently and sustainably heat and cool facilities on the Como Zoo campus; and

 

WHEREAS, the study will be conducted jointly by Sustainable Energy Systems, Inc. and Darcy Solutions via Xcel Energy’s Engineering Study Program; and

 

WHEREAS, the goal is to determine if proposed new geothermal technology is a financially viable solution for converting the existing steam system at the Como Zoo campus to a more energy efficient hot water system; and

 

WHEREAS, a positive study result would provide a path forward for a potential new heating and cooling system to benefit the public by ensuring reduced energy consumption for City facilities, improved facility infrastructure and reduced carbon emissions, and measurable and significant annual energy savings; and

 

WHEREAS, the total study cost is $32,456, however Xcel Energy has offered the City rebate assistance in the amount of $24,342, thereby reducing the City’s cost to $8,114; and

 

WHEREAS, the Mayor, pursuant to Section 10.07.4 of the Charter of the City of Saint Paul, does hereby certify that there are available for transfer of appropriation funds of $8,114 in the Energy Conservation Loan Fund; now

 

THEREFORE, BE IT RESOLVED, upon recommendation of the Mayor, Chief Resilience Officer, Director of Financial Services and Energy Coordinator, that $8,114 is available for transfer of appropriation in the Energy Conservation Loan Fund, as heretofore adopted and amended by this Council, the Saint Paul City Council hereby approves and amends the budget in the particulars as specified in the attached financial analysis and gratefully acknowledges the assistance of $24,342 from Xcel Energy for 75% of the cost of the study.

 

Financial Analysis

See Attachment

 

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