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HomeMy WebLinkAboutResolutions - No. 2011-182RESOLUTION NO. 2011-182 A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE CITY MANAGER TO AMEND THE ENERGY EFFICIENCY FINANCING PROGRAM WHEREAS, in October 2010, the City Council approved a pilot project for an energy efficiency financing program, also referred to as on -bill financing, which established a loan fund in the amount of $250,000 for G2 electric utility customers' energy efficiency/conservation projects; and WHEREAS, in May 2011, the City Council authorized an additional $150,000 as well as G3, G4, G5, and 11 utility rate customers; and WHEREAS, to date, eight commercial/industrial customers have secured an interest- free, 24 -month loan for designated and approved energy efficiency measures; and WHEREAS, to date a total cf $278,955.75 has been loaned to eight businesses and $69,101 is currently reserved as the energy efficiency projects are pending installation/completion by years end; and WHEREAS, staff recommends expanding the program to include non-residential customers assigned to the G I electric utility rate tariff, thus incorporating all non-residential customers in this program. NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby authorize the City Manager to amend the Energy Efficiency Financing Program by including G I commercial/industrial customers. Dated: November 16, 2011 hereby certify that Resolution No. 2011-182 was passed and adopted by the City Council of the City of Lodi in a regular meeting held November 16, 2011, by the following vote: AYES: COUNCIL MEMBERS— Hansen, Katzakian, Nakanishi, and MayorJohnson NOES: COUNCIL MEMBERS— None ABSENT: COUNCIL MEMBERS — Mounce ABSTAIN: COUNCIL MEMBERS— None _(J7 HL City Clerk 2011-182