HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 03/03/2009 - FIRST READING OF ORDINANCE NO. 024, 2009, APPROPRI ITEM NUMBER: 10
AGENDA ITEM SUMMARY DATE: March 3, 2009
FORT COLLINS CITY COUNCIL STAFF: Terri Bryant
Patty Bigner
Brian Janonis
SUBJECT
First Reading of Ordinance No.024,2009,Appropriating Unanticipated Grant Revenue in the Light
and Power Fund for the Residential Solar Rebate Program and Authorizing the Transfer of Matching
Funds Previously Appropriated in the Light and Power Operating Budget.
RECOMMENDATION
Staff recommends adoption of the Ordinance on First Reading.
FINANCIAL IMPACT
Light and Power Energy Services has received an additional $25,000 in grant funding from the
Governor's Energy Office to continue offering solar rebates for eligible residential solar installations
within the service area. Existing appropriations will be used for the total of$25,000 in matching
funds required.
EXECUTIVE SUMMARY
The Ordinance appropriates funds received from additional grant funding received from the State
of Colorado's Governor's Energy Office totaling $25,000. Combined with the Utilities matching
funds, $50,000 will be used for the Residential Solar Rebate Program (Photovoltaic).
BACKGROUND
The City of Fort Collins Utilities received$25,000 in Governor's Energy Office grant funds in July,
2008 to develop and administer residential solar incentives. The grant funds were matched with
$25,000 of Light and Power operations money. The program offered an incentive to Fort Collins
Utilities'residential electric customers to install photovoltaic systems on their homes. The incentive
planned for the program was $2 per peak installed watt with the incentive not to exceed $4,000 for
any single system. The systems included in the current program can be no larger than 10 kilowatts
and must meet design and interconnection criteria.
Energy Services staff, having successfully implemented the pilot phase solar rebate program,
requested additional funding form Governor's Energy Office to continue the Residential Solar
Rebate Program (Photovoltaic).
March 3, 2009 -2- Item No. 10
The additional funding will support a two-tier program with a Base Level incentive and a High Level
incentive. The Base Level incentive is currently planned to be$3 per peak installed kilowatt capped
at 3kW and not to exceed $9,000 for any single system. The High Level incentive is currently
planned to be $4 per peak installed watt capped at 3kW and not to exceed $12,000 for any single
system.
ORDINANCE NO. 024, 2009
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE LIGHT AND POWER
FUND FOR THE RESIDENTIAL SOLAR REBATE PROGRAM AND
AUTHORIZING THE TRANSFER OF MATCHING FUNDS PREVIOUSLY
APPROPRIATED IN THE LIGHT AND POWER OPERATING BUDGET
WHEREAS, the City's Residential Solar Rebate Program (Photovoltaic) Program (the
"Program") offers residential electric customers of the Fort Collins Utility financial incentives to
install photovoltaic systems on their homes; and
WHEREAS, City staff, having successfully implemented the pilot phase of the Program,
requested a grant to continue the Program; and
WHEREAS, the State of Colorado's Governor's Energy Office ("GEO") awarded the City
a grant in the amount of$25,000 (the "Grant") to continue the Program; and
WHEREAS, the Grant requires matching funds of$25,000, which are available in existing
appropriations in the Light and Power budget and available for transfer to the Light and Power grant
projects; 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 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; and
WHEREAS,Article V,Section 10,of the City Charter authorizes the City Council to transfer
by ordinance any unexpected and unencumbered amount or portion thereof from one project to
another project,provided that the purpose for which the transferred funds are to be expended remains
unchanged.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated from unanticipated grant revenue in the
Light and Power Fund the sum of TWENTY FIVE THOUSAND DOLLARS ($25,000) for
expenditure in the Light and Power Fund for the Residential Solar Rebate Program(Photovoltaic).
Section 2. That unexpended appropriated amount of TWENTY FIVE THOUSAND
DOLLARS ($25,000) is hereby authorized for transfer to the Light and Power Fund projects grant
for expenditure in the Residential Solar Rebate Program (Photovoltaic).
Introduced, considered favorably on first reading, and ordered published this 3rd day of
March, A.D. 2009, and to be presented for final passage on the 24th day of March, A.D. 2009.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading on the 24th day of March, A.D. 2009.
Mayor
ATTEST:
City Clerk