HomeMy WebLinkAboutResolutions - No. 2010-181RESOLUTION NO. 2010-181
A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING PUBLIC
BENEFIT PROGRAM FUNDS I N THE AMOUNT OF $250,000 FOR THE
ENERGY EFFICIENCY FINANCING PILOT PROJECTAND AUTHORIZING
THE ELECTRIC UTILITY DIRECTOR TO ADMINISTER THE PROJECT
WHEREAS, the Lodi Electric Utility would create the Energy Efficiency Financing Pilot
Project (Pilot Project)to encourage commercial/industrial energy efficiency; and
WHEREAS, the Pilot Project would be available to commercial utility customers
assigned to the G2 electric rate class who pursue targeted energy efficiency projects and would
be made available on a first-come, first-served basis.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
authorize Public Benefit Programs funds in the amount of $250,000 for the creation of the
Energy Efficiency Financing Pilot Project in accordance with the specific regulations outlined in
Attachment and authorize the Electric Utility Directorto administer the project.
Dated: October 20, 2010
hereby certify that Resolution No. 2010-181 was passed and adopted by the City
Council of the City cf Lodi in a regular meeting held October 20, 2010, by the following vote:
AYES: COUNCIL MEMBERS — Hansen, Hitchcock, Johnson, Mounce, and
Mayor Katzakian
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
2010-181
City Clerk
Attachment A
The Lodi Energy Efficiency Financing Pilot Project (the Pilot Project) involves the establishment
of a loan fund, from which G2 electric utility rate commercial/industrial customers may borrow
moneyto implementenergy conservation projects at their respective facilities.
The Pilot Project will provide zero -interest loans, for a term of up to 24 months (duration of the
loan will be determined by the projected monthly energy savings in dollars). All loans will be
distributed on a first-come, first-served basis, and only once the EUD-approved energy
efficiency project is installed and confirmed operational. Loan amounts are capped at $50,000
per customer of record, and the customer must have been current on City of Lodi utility bills for
the prior 18 month period in order to qualify for participation in the Pilot Project. The customer,
or its chosen third -party contractor, will receive the loan proceeds.
The energy efficiency projects approved under this Pilot Project may include, but not be limited
to:
➢ lighting retrofits;
9 building envelope improvements;
➢ mechanical system upgrades;
➢ process equipment retrofits;
➢ energy management system installations.
All submissions for energy efficiency projects proposed to be installed must be accompanied by:
projected annual energy savings;
potential maintenance savings associated with the project;
9 manufacturer's cut sheets on equipment to be installed; and
9 completed application (signed and dated by the customer).
Loans will be secured by:
➢ a promissory note inform satisfactory to the City Attorney;
➢ the promissory note shall call for repayment of the note in 24 or fewer installments
coincident with the immediately following 24 or fewer utility payments and authorize the
City of Lodi to terminate electric service if the payments are not made.