HomeMy WebLinkAboutResolutions - No. 2012-208A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE CITY
MANAGER TO SUBMIT AN APPLICATION TO PARTICIPATE IN THE
ENERGY CONSERVATION ASSISTANCE ACT, A LOW-INTEREST LOAN
PROGRAM SPONSORED BY THE CALIFORNIA ENERGY COMMISSION
WHEREAS, the California Energy Commission (CEC) is offering one percent interest
loans to finance designated energy efficiency and energy generation projects; and
WHEREAS, loans of up to $3 million are available to cities, counties, and other
municipal entities around the state and available on a first-come, first-served basis; and
WHEREAS, City staff is recommending that the City Manager apply for up to $3 million
in loan funds for the Lodi Streetlight Retrofit Project, an eligible energy efficiency measure
under the terms of this loan program; and
WHEREAS, per the application process, the CEC requires that the local governing
board adopt a resolution in support of the loan application, which must be attached to the
submitted application; and
WHEREAS, the Lodi Streetlight Retrofit Project entails replacement of all existing,
inefficient streetlight lamps in the communitywith high -efficiency streetlight technology; and
WHEREAS, the energy consumption for these streetlights will be reduced by 40
percent, and this energy efficiency project will have a direct and positive impact for all
residences and businesses in Lodi, as the City then reduces operating expenses in terms of
energy to power the streetlights, as well as maintenance expenses; and
WHEREAS, the loan will be repaid using Public Benefit Program funds, and the energy
savings derived from this project will result in a payback of less than nine years, resulting in a
positive cash-flow after nine years of approximately $300,000.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
authorize the City Manager to submit an application to participate in the Energy Conservation
Assistance Act, a low-interest loan program sponsored by the California Energy Commission for
the Lodi Streetlight Retrofit Project in the amount of $3 million.
Dated: December 19, 2012
hereby certify that Resolution No. 2012-208 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held December 19, 2012, by the following vote:
AYES: COUNCIL MEMBERS— Hansen, Johnson, Katzakian, Mounce, and
Mayor Nakanishi
NOES: COUNCIL MEMBERS— None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS— None
W, JOHL
City Clerk
2012-208