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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 02/17/2009 - SECOND READING OF ORDINANCE NO. 013, 2009, APPROPR ITEM NUMBER: 22 AGENDA ITEM SUMMARY DATE: February 17, 2009 FORT COLLINS CITY COUNCIL STAFF: Terri Bryant Brian Janonis SUBJECT Second Reading of Ordinance No. 013, 2009, Appropriating Unanticipated Federal Department of Energy Grant Revenue in the Light and Power Fund. RECOMMENDATION Staff recommends adoption of this Ordinance on Second Reading. EXECUTIVE SUMMARY A grant has been received from the Department of Energy for a project that will address the research, development, and demonstration of a coordinated and integrated system of 3.5 MW of mixed distributed resources in Fort Collins to achieve a 20-30% peak load reduction on multiple distribution feeders. The City has worked with several cooperating government and private entities to create a unique combination of world-class research facilities, global industry leaders and local entrepreneurs to develop and plan the project. This Ordinance, adopted on First Reading 5-0 (Troxell withdrew)appropriates$6,323,380 of unanticipated grant revenue from the Department of Energy for the project. ATTACHMENTS 1. Copy of First Reading Agenda Item Summary - February 3, 2009. (w/o original attachments) ATTACHMENT 1 ITEM NUMBER: 12 AGENDA ITEM SUMMARY DATE: February 3, 2009 FORT COLLINS CITY-1COUN,CIL STAFF: Terry Bryant 717 Brian Janonis � t J t SUBJECT First Reading of Ordinance No. 013, 2009, Appropriating Unanticipated Federal Department of Energy Grant Revenue in the Light and Power Fund, RECOMMENDATION Staff recommends adoption of the Ordinance on First Reading. FINANCIAL IMPACT Resolution 2008-106 authorized the City�Manager to execute an agreement with the Department of Energy to enter into subcontract_agreementAwith project-partners that outline, per the grant submittal, how matching funds are contributed and Department of Energy (DOE) funds are distributed among the partners. The total budget for the project is $11.1 million as follows: Total project budget: $11,052,949 Total matching funds: $ 4,729,569 Funds requested from DOE: $ 6,323,380 The Ordinance appropriates $6,323,380 of unanticipated grant revenue. EXECUTIVE SUMMARY This project will modernize and transform a portion_of_the electrical distribution system in the City by developing and demonstrating a coordinated andl integrated system of mixed distributed electric resources, including renewable generation (solar),�rotary- and inverter-based generation, and demand response methods, that re�du,p loads on multiple distribution feeders in the downtown area by up to 30% and deliver improved efficiency and reliability. BACKGROUND The applicant for the overall project is the City of Fort Collins. The project will address the research, development, and demonstration of a coordinated and integrated system of 3.5 MW of February 3, 2009 -2- Item No. 12 mixed distributed resources in Fort Collins to achieve a 20-30% peak load reduction on multiple distribution feeders. The City has worked with several cooperating government and private entities to create a unique combination of world-class research facilities, global industry leaders and local entrepreneurs to develop and pl tan=the�project� f` �T Project partners working with the Cityo pro��de matchm\g\\co9ntnbutions and to implement the project included Colorado State University,_L-anmer�County,.the Governor's Energy Office, New Belgium Brewing Company, Advanced Energy, Brendle Group, Caterpillar, Eaton, Spirae, and Woodward Governor. The DOE grant funding for the project totals $6,323,380, and the matching funds required for the project total $4,729,569. The grant will be disbursed over a three year period. Utilities staff will administer the grant requesting reimbursements for the City and project partners, filing the appropriate federal grant reports, tracking grant expenditures, and coordinate activities among the partners. The City of Fort Collins Utilities will request funding from the Department of Energy and reimburse partners for their agreed upon contributions. ORDINANCE NO. 013,2009 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED FEDERAL DEPARTMENT OF ENERGY GRANT REVENUE IN THE LIGHT AND POWER FUND WHEREAS, the City has been awarded a grant in the amount of$6,323,380 (the "Grant") from the Department of Energy(DOE)via Resolution 2008-106 which authorized the City Manager to execute an agreement with the DOE to enter into subcontract agreements with project partners that outline,per the grant submittal,how matching funds are contributed and DOE funds are distributed among the partners; and WHEREAS,the project will modernize and transform a portion of the electrical distribution system in the City by developing and demonstrating a coordinated and integrated system of mixed distributed electric resources, including renewable generation (solar), rotary- based and inverter- based generation,and demand response methods,that will reduce peak loads on multiple distribution feeders in the downtown area by up to 30% and deliver improved efficiency and reliability; and WHEREAS,the City has worked with several cooperating government and private entities to create a unique combination of world-class research facilities, global industry leaders and local entrepreneurs to develop and plan the project; and WHEREAS, the project partners working with the City to provide matching contributions and to implement the project included Colorado State University, Larimer County, the Governor's Energy Office, New Belgium Brewing Company, Advanced Energy, Brendle Group, Caterpillar, Eaton, Spirae, and Woodward Governor; and WHEREAS, the grant will be disbursed over a three year period; and WHEREAS, the Utilities staff will administer the grant requesting reimbursements for the City and project partners, filing the appropriate federal grant reports, tracking grant expenditures, and coordinate activities among the partners. The City of Fort Collins Utilities will request funding from the Department of Energy and reimburse partners for their agreed upon contributions; and WHEREAS, Article V, Section 9, of the City Charter permits the City Council to make supplemental appropriations by ordinance at any time during the fiscal year,provided that the total amount of such supplemental appropriations,in combination with all previous appropriations for that fiscal year, does not exceed the current estimate of actual and anticipated revenues to be received during the fiscal year; and WHEREAS, City staff has determined that the appropriation of the Grant from the Department of Energy via Resolution 2008-106 as described herein will not cause the total amount appropriated in the Light and Power Fund to exceed the current estimate of actual and anticipated revenues to be received in that fund during any fiscal year. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated from unanticipated grant revenue in the Light and Power Fund the sum of SIX MILLION THREE HUNDRED TWENTY THREE THOUSAND THREE HUNDRED AND EIGHTY DOLLARS ($6,323,380)for expenditure in the Light and Power Fund for the modernization and transformation of a portion of the electrical distribution system in the City is hereby adopted for the year 2009. Introduced, considered favorably on first reading, and ordered published this 3rd day of February,A.D. 2009, and to be presented for final passage on th t day of February,A.D. 2009. Mayo ATTEST: LL )�k City Clerk Passed and adopted on final reading on the 17th day of February, A.D. 2009. Mayor ATTEST: City Clerk