HomeMy WebLinkAboutResolutions - No. 98-186RESOLUTION NO. 98-186
A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING
THE CITY MANAGER TO PROVIDE A PUBLIC BENEFITS
CHARGE (PBC) GRANT TO BANK OF LODI DEMAND-SIDE
MANAGEMENT PROJECT
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WHEREAS, the State has mandated that beginning January 1, 1998, the City of
Lodi is obligated to fund various programs through a Public Benefits Charge (PBC)
based on a historical electric revenue requirement; and
WHEREAS, the requirement amount to approximately $1 Million per year that
must be dedicated to qualifying programs such as energy efficiency. A further stipulation
is that these efforts must be done on the customer's side of the meter in order to qualify;
and
WHEREAS, the Electric Utility Department recommends that the City provide a
PBC grant of up to $75,000.00 to fund a Demand -Side Management Project for the Bank
of Lodi, and include the cost of the grant as part of the City's required PBC outlay.
BE IT RESOLVED, that the Lodi City Council hereby authorizes the City
Manager to provide a Public Benefits Charge (PBC) Grant in the amount of up to
$75,000.00 to Bank of Lodi to fund a Demand -Side Management Project.
Dated: December 16, 1998
I hereby certify that Resolution No. 98-186 was passed and adopted by the Lodi
City Council in a regular meeting held December 16, 1998 by the following vote:
-AYES: COUNCIL MEMBERS — Hitchcock, Mann, Nakanishi, Pennino
and Land (Mayor)
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
A,�) A - &tVZ&
ALICE M. REI CHE
City Clerk
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