HomeMy WebLinkAboutResolutions - No. 2012-209RESOLUTION NO. 2012-209
A RESOLUTION OF THE LODI CITY COUNCIL
MODIFYING THE LODI ENERGY EFFICIENCY
FINANCING PROGRAM AND APPROPRIATING FUNDS
WHEREAS, in January 2011, Lodi Electric Utility (LEU) launched the Lodi Energy Efficiency
Financing Program; and
WHEREAS, this program is funded by the Lodi Public Benefits Funds, and is designed for
commercial and industrial customers (assigned to the G2, G3, G4, G5, or 11 electric utility rate) as a tool to
finance energy efficiency projects; and
WHEREAS, under the program, eligible customers may receive a two-year, interest free loan of
up to $50,000, the loan payment is then included on the customer's monthly utility billing statement; and
WHEREAS, staff is proposing to increase the loan amount from $50,000 up to $150,000 for only
those qualifying customers assigned to the G3, G4, G5, and 11 electric utility rate; and
WHEREAS, in discussions with some of Lodi's largest energy consumers, it has been determined
that a greater loan amount would be of tremendous value to them as they investigate and pursue energy
efficiency projects at their facilities; and
WHEREAS, staff is also recommending that the program be expanded to include utility customers
assigned to the G I electric utility rate (defined as "small businesses"); and
WHEREAS, staff is requesting an additional $500,000 be placed into the loan program; and
WHEREAS, $500,000 would be transferred from the Public Benefits Fund to the loan program
accountwith loan payments replenishing this account; and
WHEREAS, over time, the utility will have decreased energy sales as a result of the energy
efficiency measures installed by participating customers; and
WHEREAS, staff recommends an appropriation in the amount of $500,000 from the Electric Utility
Public Benefits Fund.
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby modify the Lodi Energy
Efficiency Financing Program as outlined above; and
BE IT FURTHER RESOLVED that the City Council approves the appropriation of $500,000 from
the Electric Utility Public Benefits Fund for this Program.
Dated: December 19,2012
I hereby certify that Resolution No. 2012-209 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 eZ
:FH
City Clerk
2012-209