HomeMy WebLinkAboutResolutions - No. 2023-230RESOLUTION NO. 2023-230
A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING ENERGY
EFFICIENCY FINANCING PROGRAM LOAN TO PEARL CROP, INC.; AND
FURTHER AUTHORIZING LOAN PAYMENT CHECK ISSUANCE TO
PACIFIC ENERGY CONCEPTS, LLC
WHEREAS, Lodi Electric Utility (LEU) launched the Energy Efficiency Financing
Program (EEFP) in 2011. The EEFP is funded by the LEU Public Benefits Fund and is
designed as an economic development tool to finance energy efficiency projects; and
WHEREAS, LEU offers its commercial and industrial customers the EEFP to allow
customers the opportunity to achieve energy savings while improving cost efficiencies. The
EEFP offers zero percent interest financing for eligible equipment purchases and installation up
to $150,000 to be paid back to LEU in 24 equal installments on a customer's monthly utility bill;
and
WHEREAS, LEU's third -party contractor, Efficiency Services Group, has certified the
installed lighting equipment as eligible, reviewed the purchase order, and approved a rebate in
the amount of $56,658.57, which has decreased the total cost of the project from $106,658.57
to the loan amount of $50,000; and
WHEREAS, the EEFP loan application allows the LEU customer to certify the loan
payment check be made payable to the customer's contractor. The applicant, Pearl Crop, Inc.,
has certified the loan payment check be made payable to their contractor, Pacific Energy
Concepts, LLC.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
authorize an Energy Efficiency Financing Program loan to Pearl Crop, Inc., in the amount of
$50,000; and
BE IT FURTHER RESOLVED that the Lodi City Council does hereby authorize the
EEFP loan payment check to be issued and made payable to Pearl Crop, Inc.'s contractor,
Pacific Energy Concepts, LLC; and
BE IT FURTHER RESOLVED, pursuant to Section 6.3q of the City Council Protocol
Manual (adopted 11/6/19, Resolution No. 2019-223), the City Attorney is hereby authorized to
make minor revisions to the above -referenced document(s) that do not alter the compensation
or term, and to make clerical corrections as necessary.
Dated: October 18, 2023
I hereby certify that Resolution No. 2023-230 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held October 18, 2023 by the following votes:
AYES:
COUNCIL MEMBERS — Bregman, Craig, Nakanishi, Yepez, and
Mayor Hothi
NOES:
COUNCIL MEMBERS — None
ABSENT:
COUNCIL MEMBERS — None
ABSTAIN:
COUNCIL MEMBERS — None
OLIVIA NASHED
City Clerk
2023-230