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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 07/05/2016 - SECOND READING OF ORDINANCE NO, 081, 2016, APPROPRAgenda Item 11 Item # 11 Page 1 AGENDA ITEM SUMMARY July 5, 2016 City Council STAFF Lindsay Ex, Environmental Program Manager Jackie Kozak-Thiel, Chief Sustainabillity Officer Mike Beckstead, Chief Financial Officer Kevin Gertig, Utilities Executive Director Laurie Kadrich, Director of PDT Jeff Mihelich, Deputy City Manager Lucinda Smith, Environmental Sustainability Director Susie Gordon, Senior Environmental Planner SUBJECT Second Reading of Ordinance No, 081, 2016, Appropriating Prior Year Reserves in the General Fund for 2016 Projects Associated with the 2020 Climate Action Plan (CAP) Strategic Plan. EXECUTIVE SUMMARY This Ordinance, unanimously adopted on First Reading on June 21, 2016, appropriates funding from the General Fund to implement two initiatives outlined in the Draft 2020 Climate Action Plan (CAP) Strategic Plan. First, the Ordinance appropriates $85,000 accumulated during 2015 and 2016 in the Waste Innovation Fund account into the City’s General Fund account to initiate the Municipal Green Waste (Composting) Site Initiative. Second, based on direction at First Reading, the Ordinance also appropriates $1,460,000 from the General Fund to provide energy efficiency rebates for the business community ($1.37M) and the Efficiency Works Neighborhoods Pilot ($0.09M) through 2016. STAFF RECOMMENDATION Staff recommends adoption of the Ordinance on Second Reading. DIRECTION AT FIRST READING AND FOLLOW-UP On June 21, 2016, City Council unanimously adopted the proposed Ordinance on First Reading with one amendment: the revised Ordinance fully funds the energy efficiency incentives for the business community and the Efficiency Works Neighborhoods Pilot through 2016 from General Fund Reserves. As discussed at the meeting, the funds appropriated for this program have been fully committed in 2016, preventing new business participation. Without this additional funding appropriated on First Reading, businesses interested in the energy efficiency incentives would have to be waitlisted until new funding becomes available in 2017, when the new budget cycle begins. Due to the limited resources in the Light and Power Fund and the ongoing Budgeting for Outcomes (BFO) process that is currently underway, City staff initially recommended postponing a decision on the business energy efficiency incentives for 60-90 days to allow the BFO process to be completed. However, during First Reading, Council recognized the level of engagement by the private sector in 2016 in this program, the program’s significant contribution to the 2020 CAP Goals of reducing our community’s emissions 20% below 2005 levels, and the program’s leveraging of private sector dollars (on average, for every dollar the City invests, the private sector invest $3-5). Given the $6.7M available in the General Fund Agenda Item 11 Item # 11 Page 2 Reserves, Council unanimously supported fully funding the business energy efficiency incentives through the remainder of 2016 from the General Fund. In addition to adopting the Ordinance, Council also asked staff to address the following questions at Second Reading of the Ordinance: 1. The fund for energy initiatives was used up quicker than anticipated - are there any needed changes to the parameters for projects funded to ensure program continuity? Council discussion: Council asked questions during First Reading regarding whether program parameters need to be adjusted to ensure that programs continue for the full year in which funding is allocated. Council directed staff to provide additional information about how program parameters are set and whether these are adequate to achieve program continuity. Staff response: A staff team from Utilities, Platte River and the other three Platte River cities meets quarterly to review the progress, results and parameters of the Efficiency Works Business program. Typically, changes to the program are made on an annual basis, including incentive levels for specific measures. However, mid-year changes are made as needed. In March of 2016, incentive levels for a common type of LED lighting retrofit were reduced by 33% in response to changes in market and project pricing. The staff team is in the process of clarifying rules regarding annual caps for customers with multiple premises or very large single projects. This will help the City maintain a consistent program, to the extent possible with varying levels of funding. The overall review will also occur in the 4th quarter of 2016 to evaluate revisions for 2017. 2. Please provide data on the amount of dollars committed versus the dollars actually spent - as staff indicated that as the program unfolds year after year, a certain percentage of funds are not used. Council discussion: During First Reading, Councilmembers directed staff to provide Council with additional information on the process of the incentives programs, including how dollars are committed versus spent. Council also requested information on project completion, specifically whether there is a differential between dollars committed versus dollars spent, i.e., do participants drop out of the program and then City dollars go unspent. Staff Response: Utilities and Platte River use appropriated funds to “commit” project level incentives to customers after receiving and approving a completed application. Customers and contractors provide a completion date estimate and funds are available for up to 60 days past this completion date. After this time, the project funds may be allocated to another project, though staff regularly contacts the customer to clarify the project status. The rate of projects being reallocated in 2016 YTD was 4% (10 out of 250). Incentives are “paid” and funds “expended” upon completion of final paperwork and project verification. Project applications received late in the year are often completed after January 1 (typical project cycle is approximately 45 days). Committed funds for these late year projects are typically carried over to the next year in the form of a purchase order with Platte River. For 2014 and 2015, this carryover averaged $275,000, which was fully spent in the first quarter of the following year. With the proposed supplemental funding, program staff will collaborate with customers and service providers to manage, to the extent possible, a commitment rate of funding through the second half of 2016 to match the overall budget. 3. What did the business energy efficiency incentives program accomplish this year? What is anticipated to be accomplished in the future? Council discussion: During First Reading, Councilmembers expressed an interest in receiving an update regarding the success and impact of the Energy Efficiency Programs. Council directed staff to provide an update on the current program and more information on future expectations. Staff response: Attachment 2 illustrates the program performance over time. Compared to 2014 and 2015, the 2016 pace of the program has seen more businesses participating, an overall larger and greater number of project, and higher overall savings. Agenda Item 11 Item # 11 Page 3 Moving forward, staff has forecast a rate of participation in 2017-2018 (Enhancement Offer 6.76) that is higher than historical average, but lower than the exceptional rate seen in the first half of 2016. The BFO ongoing and enhancement offers are aligned with the Energy Policy and CAP efficiency targets for 2017/18. 4. If Council adopts the amended Ordinance on Second Reading that fully funds the business energy efficiency incentives in 2016 from General Fund Reserves, how will this impact the General Fund? Council discussion: During First Reading, Councilmembers asked staff to address how funding the business energy efficiency incentives from General Fund Reserves would impact that funding source. Staff response: The City ended 2015 with $6.7M of unassigned and available General Fund reserves. Council directed staff to utilize $1,545,000 of these reserves to support Business Energy Rebates and Municipal Composting. Council asked what impact this may have on the upcoming BFO process and the General Fund. During the meeting, staff replied there are pressures on the General Fund similar to what was discussed with L&P and ongoing and enhancement offers exceed available revenue and fund balance. Specific funding impacts will be better understood as the BFO process is completed. BOARD/COMMISSION RECOMMENDATION On June 23, 2016, the Energy Board unanimously recommended support for Ordinance No. 081, 2016, to implement the three initiatives identified in the Ordinance. The Energy Board expressed support for the use of General Fund dollars to fund the business energy efficiency incentives for the remainder of 2016, as it believes it demonstrated the importance of energy efficiency to Council and the communitywide impact this program has beyond the Light and Power Fund. The draft meeting minutes from the Energy Board discussion are provided. (Attachment 3) ATTACHMENTS 1. First Reading Agenda Item Summary, June 21, 2016 (w/o attachments) (PDF) 2. Additional Information on Business Energy Efficiency Incentives (PDF) 3. Energy Board memo, June 28, 2016 (PDF) Agenda Item 10 Item # 10 Page 1 AGENDA ITEM SUMMARY June 21, 2016 City Council STAFF Lindsay Ex, Environmental Program Manager Jeff Mihelich, Deputy City Manager Mike Beckstead, Chief Financial Officer Kevin Gertig, Utilities Executive Director Laurie Kadrich, Director of PDT Jackie Kozak-Thiel, Chief Sustainabillity Officer Lucinda Smith, Environmental Sustainability Director Susie Gordon, Senior Environmental Planner SUBJECT First Reading of Ordinance No, 081, 2016, Appropriating Prior Year Reserves in the General Fund for 2016 Projects Associated with the 2020 Climate Action Plan (CAP) Strategic Plan as Part of the Waste Innovation Program. EXECUTIVE SUMMARY The purpose of this item is to appropriate $85,000 accumulated during 2015 and 2016 in the Waste Innovation Fund account into the City’s General Fund account to initiate the Municipal Green Waste (Composting) Site Initiative outlined in the Draft 2020 Climate Action Plan (CAP) Strategic Plan. At First Reading, staff will also update Council on the remaining two initiatives (of 7) that were discussed at the March 10, 2016 Work Sessions related to the 2020 CAP Strategic Plan. During that Work Session, staff committed to further vetting 3 of the 7 initiatives, with special consideration toward the larger financial impact of those initiatives. On these two remaining initiatives, staff will highlight a change in the funding source for solar incentives and rebates, allowing this initiative to move forward, and a recommendation to postpone consideration of the energy efficiency funding for approximately 60-90 days. The postponement of the energy efficiency funding will allow staff to evaluate the supplemental 2016 funding in the larger context of the Light and Power Capital Improvement Plan (CIP), Long Term Financial Plan, and 2017-2018 Budgeting for Outcomes funding needs (August/September timeframe) to help balance and inform decisions to address both the critical Utilities infrastructure and advance CAP priorities. STAFF RECOMMENDATION Staff recommends adoption of this Ordinance on First Reading. BACKGROUND / DISCUSSION In 2015, City Council adopted updated the community greenhouse gas reduction goals:  20% below 2005 levels by 2020,  80% below 2005 by 2030, and  Carbon neutrality by the year 2050 In order to reach these goals, staff has developed an implementation plan to include an internal CAP Executive Team, Core Team, and Strategic Initiative Teams, as well as an external Community Advisory Committee, based on the accelerated goals of the CAP. During the March 10, 2016, Work Session, staff identified seven ATTACHMENT 1 Agenda Item 10 Item # 10 Page 2 initiatives that could be invested in immediately. At the April 19, 2016, City Council meeting, Council adopted Ordinance 046, 2016, investing in four of these seven initiatives. This item addresses two of the three remaining initiatives (Municipal Green Waste/Composting Site and the Solar Incentives and Rebates) and outlines the next steps proposed for the remaining initiative (Energy Efficiency) - see the table and additional information outlined below. Item Initiative 2016 Funding Funding Recommendation Waste Innovation Fund Light and Power Total 1 Energy Efficiency N/A 0 Postpone funding decision for 60-90 days 2 Solar Incentives and Rebates N/A 0 No new appropriation needed in 2016 3 Municipal Green Waste (Composting) Sites $85,000 - $85,000 $85,000 from Waste Innovation Fund Reserves Totals $85,000 $85,000 Below is a summary of the three initiatives that were highlighted at the March 10, 2016 Work Session with City Council (see Attachment 2 for full project descriptions on the Solar Incentives and Rebates and the Municipal Green Waste (Composting) Sites, as those initiatives are proposed to move forward with this item): 1. Energy Efficiency: up to $1,460K 2020 Impact: 230,000 CO2e Tons (46%) Energy efficiency programs provide approximately half of the projected energy savings to reach the 2020 target. Of this efficiency component, over 90% is from continued and enhanced Utilities efficiency programs. These programs, many under the Efficiency Works shared brand, provide incentives and technical assistance for all customer segments and most technology end uses-engaging residents and businesses in meeting the community CAP goals.100% of supplemental City funding would support customer efficiency improvements, of which every City dollar is leveraged 3 to 5 times by customer investment. Utilities has seen extraordinarily high participation in business efficiency programs year to date. This uptake is good news - it shows an expanded pace for efficiency savings and community engagement in the CAP goals. If continued at this current pace, the programs are well positioned to achieve the energy efficiency portion of the 2020 CAP goals (230,000 tons of carbon, 46% of the 2020 goal). However, as a result of this increased uptake in efficiency programs by the business community and ongoing activity for residents, the City has committed all funding for energy efficiency incentives and rebates for 2016. Utilities and Platte River are implementing a wait list process for projects as applications are received (see Attachment 4 for the communication materials sent to customers regarding this process). The estimated gap in program funding through the end of 2016 is up to $1,460,300, based on forecasted activity in business programs and continuation of the Efficiency Works Neighborhood pilot in the 4th quarter. Staff is excited to implement the energy efficiency programs at a greater scale and accelerated pace to meet CAP goals and respond to community demand. During the additional vetting of energy efficiency funding, new information became available (since the March 10 Work Session) regarding the limited Light & Power (L&P) funding. The CAP Executive Team recommends that Council consider postponing the decision to recommend supplemental 2016 energy efficiency funding until the Agenda Item 10 Item # 10 Page 3 August/September timeframe. This is because, in the next 60-90 days, the L&P Capital Improvement Plan (CIP), Utilities Long Term Financial Plan, and the BFO funding needs will be better understood, and this understanding will help balance and inform decisions around both addressing critical Utilities infrastructure and advancing CAP priorities. Three key analyses have informed this recommendation: 1. Currently, the L&P CIP indicates Utilities may have long-term reserve funding shortfalls to meet priority infrastructure needs. 2. Initial BFO estimates of revenue and spending within L&P indicate a significant shortfall (up to $10M short fall each year between revenue and ongoing offers plus required capital, outside of the proposed enhancements). 3. The updated unassigned and available fund balance in L&P decreased from $18.4M to $16.4M. Providing partial funding for this interim period would provide for additional savings in 2016, extend the ability of the programs to meet customer interest and keep efficiency service providers engaged locally. However, the transition to a wait list status for business programs would simply occur later in the year. In addition to the three analyses mentioned above, staff is working to quantifying the benefits/costs of investing in CAP projects to allow a comparison and selection based on this impact during the BFO process. At the same time, efficiency measures have consistently been analyzed as providing high cost-effectiveness for carbon reduction in prior Fort Collins analyses and in independent analyses conducted elsewhere. More details associated with this recommendation are provided in the attached memo (see Attachment 3). 2. Solar Incentives and Rebates: up to $350K 2020 Impact: 9,000 CO2e Tons (1.8%) The current 2016 budget for solar incentives is $250,000 for residential and $125,000 for small commercial solar projects. This budget supports approximately 170 home and 12 business rebates. Current program uptake for the first five months of the year totals 125 residential and 2 commercial projects with rebate funds committed to them. This represents 74% and 16% of budgeted capacity for home and business rebates, respectively. In order to respond to additional rebate requests beyond the initially authorized funding, staff expects to be able to shift uncommitted 2016 solar funds from the Solar Power Purchase Program and the Community Solar program for a total of approximately $300,000 in additional funds. This shifting of funds will help the program meet potential interest for additional solar incentives in 2016. Funding from the Solar Power Purchase Programs is available because all of the program’s projects are complete and Power Purchase Agreements made are less than what was budgeted for 2016. The Community Solar program funds are available due to a shift in the timeline for the next project to 2017. Unless directed otherwise by Council, Utilities will inform customers and vendors of the additional funding for 2016. Upon the full commitment of existing solar rebate funds, the additional funding would be transferred from the two referenced solar programs to the Solar Rebates program. 3. Municipal Green Waste (Composting) Sites: $85K 2020 Impact: 9,000 CO2e Tons (1.9% of the Municipal Pathway to reach the 2020 Goals) This initiative will enable municipal composting for organic landscape debris through a small-scale (100 tons/year) composting facility at the Hoffman Mill Road Crushing Facility. The proposal includes site grading at the Hoffman Mill Road Crushing Facility, purchase of compost-turning equipment, and ongoing composting operations and management by the Streets Department. Capital costs of $85,000 are associated with developing a City-only composting facility. Funds are available to appropriate from prior year reserves in the General Fund that were collected for the Waste Innovation Program. Composting capability will increase landfill waste diversion by departments, including Parks, Streets, Forestry, Natural Areas, Stormwater, and Light & Power, that generate Agenda Item 10 Item # 10 Page 4 organic debris from municipal maintenance activities. As primary manager of the site, Streets will not charge departments for in-bound material bought to Hoffman Mill Road for composting, but will charge for out-bound compost products to allow them to recover operational costs for composting. Other departments’ purchase of finished compost from Streets will be offset by savings from normal purchases of commercially manufactured compost for use in landscaping projects. CITY FINANCIAL IMPACTS Investing in these initiatives has a bottom line impact of $85,000 in 2016, with no ongoing commitment to the City budget. Waste Innovation Fund The $85,000 for the Municipal Green Waste Site is funded through the Waste Innovation Fund, and ongoing costs will be covered by the sale of compost products to City departments. The City Manager created a fund in 2010 to pay for projects that improve our organizational ability to divert waste generated by municipal activities from being disposed in the Larimer County landfill. Discarded material and trash that City crews self-haul to the landfill is charged only 28 cents/cubic yard by Larimer County Solid Waste Department, which is passed through in payment to the state for landfill regulatory management and monitoring programs. The balance of the regular “tipping fee” at the landfill, $5.27 per cubic yard, is placed in the City’s Waste Innovation Program (WIP) fund. WIP revenues are received from 15 City departments that self-haul various types of waste to the landfill in truckloads. A cross-departmental team accepts and reviews proposals that support the City’s goal to reduce landfill disposal. An application was developed by the Streets Department to purchase composting equipment in February, 2016. The WIP team voted unanimously to recommend this funding request. Approval of the request to use $85,000 from Reserves will save costs of sending material to the landfill that can otherwise be composted, including fall leaves swept from streets. The compost-turning equipment makes up $51,000 of the total; other expenses include a creeper gear for an existing tractor, staff training, and supplies. Light and Power Fund Staff has identified existing programs from which funds can be made available in 2016 to provide supplemental funding to the residential and small commercial solar rebates. The funds are available from two programs: (1) the Solar Power Purchase Program (SP3) for which all contracts are complete and the ongoing cost is lower than originally forecasted, and (2) Community Shared Solar for which the Platte River led project is now on schedule for 2017. These funds (approximately $350k) can be utilized to support the Solar Incentives and Rebates Program. BOARD / COMMISSION RECOMMENDATION Staff will present this information to the Energy Board at its next regularly scheduled meeting in July for discussion and feedback. In addition to specific outreach with the Energy Board, staff has also reached out to the following boards on the Climate Action Plan more generally: Energy Board, Natural Resources Advisory Board, and the Air Quality Advisory Board. However, the status of these off-cycle funding decisions has not been discussed. PUBLIC OUTREACH Staff has reviewed all of the initiatives and BFO Offers associated with the 2020 CAP Strategic Plan with the Climate Action Plan’s Community Advisory Committee. Staff is beginning to schedule public outreach events, including an Open House with former governor Bill Ritter to gather community feedback on the Climate Action Plan; however, the status of these off-cycle funding decisions has not been discussed. Agenda Item 10 Item # 10 Page 5 ATTACHMENTS 1. Work Session Summary, March 10, 2016 (PDF) 2. Initiative and Project Descriptions (PDF) 3. Memo to City Council, June 7 re: The Status of the Remaining CAP Initiatives for Immediate Investment (PDF) 4. Notice to Customers regarding Energy Efficiency Rebate Availability (PDF) 5. Powerpoint presentation (PDF) Summary of Business Energy Efficiency Incentives (Efficiency Works Business) Results The table below outlines the comparative results of the Efficiency Works – Business program (a partnership program with Platte River) in 2014, 2015 and the first 5.5 months of 2016. During the first five months of 2016, the program saw higher activity by 164%, higher rebates by 264%. At the same time, incentives per project and savings per project were each higher respectively. This means that the projects are coming in at a higher rate, are larger in size and are saving more energy per dollar of rebate than they have in the last two years. Note that this table includes funding from both Fort Collins Utilities and Platte River Power Authority. Results are from Platte River system used to track combined budgets, commitments and completed (paid) projects. Program Data 2014 2015 2016 (5.5 months) % change Total Projects 380 353 251 -- Total Incentives $1,490,901 $1,336,332 $1,553,163 -- Projects (monthly average) 32 29 50 164% Incentives (monthly average) $124,242 $111,361 $310,633 264% Incentive per project ($) $3,740 $3,540 $7,920 218% Savings per project (kWh) 16,100 13,000 37,000 254% The chart below shows the monthly rate of projects and incentive funding commitments since January 2014. The solid red line illustrates the 12 month rolling average forecast. The monthly business incentive commitment rate is illustrated by the green bars, with the monthly number of business applications illustrated by the blue line. The short bold blue line represents the proposed rate of supplemental funding per month at $250,000. ATTACHMENT 2 Utilities – Energy Board 700 Wood St. PO Box 580 Fort Collins, CO 80522 970.221.6702 970.416.2208 - fax fcgov.com M E M O R A N D U M DATE: June 28, 2016 TO: Mayor Troxell and City Councilmembers FROM: Nick Michell, Energy Board Vice Chairperson THROUGH: Peter O’Neill, Energy Board Chairperson RE: City Council Second Reading - Climate Action Plan (CAP) Initiatives Appropriation The Energy Board has received multiple CAP presentations from Environmental Services and Utilities’ Resource Conservation staff over the past months. The most recent presentation, given at the June 23 special session meeting, focused on the July 5 City Council second reading of the three CAP initiatives approved at the first reading on June 21. The Board unanimously supports the following initiatives and funding recommendations: 1. Energy Efficiency Programs x $1.46 million to fund energy efficiency services from the General Fund for the remainder of 2016 2. Solar Initiatives and Rebates x Proposed rooftop solar to businesses and community 3. Municipal Green Waste (Composting) Site x $85,000 one-time funding request Board members expressed due to the funding challenges in the Light and Power Fund, funding energy efficiency services from the General Fund made sense for this one-time funding allocation. On behalf of the Energy Board, Nick Michell, Vice Chairperson Fort Collins Energy Board cc: Darin Atteberry, City Manager Kevin R. Gertig, Utilities Executive Director Tim McCollough, Light & Power Operations Manager DocuSign Envelope ID: 13098E12-6488-499F-936C-199EC59F6AFA ATTACHMENT 3 -1- ORDINANCE NO. 081, 2016 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR 2016 PROJECTS ASSOCIATED WITH THE 2020 CLIMATE ACTION PLAN (CAP) STRATEGIC PLAN WHEREAS, on March 3, 2015, City Council adopted Resolution 2015-030, updating community greenhouse gas goals and targets to be achieved by 2020, 2030, and 2050; and WHEREAS, staff has developed an implementation plan based on the accelerated goals of the Climate Action Plan (“CAP”) and has identified several initiatives for immediate action and investment based on guidance provided by the City Council; and WHEREAS, on April 19, 2016, City Council adopted Ordinance No. 046, 2016, appropriating funds toward four projects identified for immediate action and investment (1) Building energy Disclosure and Scoring, (2) CAP Program Support, (3) CAP Pilot Project/Innovation Fund, and (4) Biomass Burner Feasibility Study; and WHEREAS, two additional projects have been identified for immediate action and investment: (1) Solar Incentives and Rebates, and (2) Municipal Green Waste (Composting) Sites; and WHEREAS, appropriated, but unexpended and unencumbered, funds are available in 2016 from the Solar Purchase Power Program (SP3) and the Community Shared Solar program in the Light and Power fund to support the Solar Incentives and Rebates Program; and WHEREAS, staff is requesting $85,000 for the Municipal Green Waste (Composting) Site Initiative, including compost-turning equipment of $51,000 and other expenses, outlined in the Draft 2020 Climate Action Plan (CAP) Strategic Plan, from funds accumulated during 2015 and prior years in the Waste Innovation Program account in the City’s General Fund; and WHEREAS, the Municipal Green Waste (Composting) Site will enable municipal composting for organic landscape debris through a small-scale (100 tons/year) composting facility at the Hoffman Mill Road Crushing Facility, including site grading at the Hoffman Mill Road Crushing Facility, purchase of compost-turning equipment, and ongoing composting operations and management by the Streets Department; and WHEREAS, composting capability will increase landfill waste diversion by City departments that generate organic debris from municipal maintenance activities, including Parks, Streets, Forestry, Natural Areas, Stormwater, and Light and Power; and WHEREAS, in 2010, the City created the Waste Innovation Program (the “WIP”) fund where revenues collected for the program are held in a reserve account in the General Fund; and -2- WHEREAS, the WIP funds are used to administer grants that allow City departments to initiate new waste diversion and recycling projects with special attention to departments that have larger quantities of waste that is self-hauled to the Larimer County Landfill; and WHEREAS, a team of interdepartmental employees (the “WIP Team”) acts as a liaison for incorporating waste reduction, promoting recycling strategies, and awarding WIP funds when requests are received from participating City departments; and WHEREAS, the WIP Team voted unanimously to recommend the funding request for the Municipal Green Waste (Composting) Site Initiative; and WHEREAS, the City has implemented certain energy efficienciesy programs identified in the 2020 Climate Action Plan (CAP) Strategic Plan (“Energy Efficiency Programs”), and has operated these programs using funds appropriated in the Light and Power Fund; and WHEREAS, the funds appropriated for the Energy Efficiency Programs for 2016 have been fully committed, preventing new participation in those Programs until such time as additional funds have been made available; and WHEREAS, Council desires to continue new participation in and ongoing implementation of the Energy Efficiency Programs as soon as practicable; and WHEREAS, Article V, Section 9 of the City Charter permits the City Council to appropriate by ordinance at any time during the fiscal year such funds for expenditure as may be available from reserves accumulated in prior years, notwithstanding that such reserves were not previously appropriated. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby makes and adopts the determinations and findings contained in the recitals set forth above. Section 2. That there is hereby appropriated from prior year reserves in the General Fund the sum of EIGHTY-FIVE THOUSAND ($85,000) for expenditure in the General Fund for the City of Fort Collins for the Municipal Green Waste (Composting) Site Initiative as part of the Waste Innovation Program. Section 3. That there is hereby appropriated from prior year reserves in the General Fund the sum of ONE MILLION FOUR HUNDRED SIXTY THOUSAND DOLLARS ($1,460,000) for expenditure in the General Fund for Energy Efficiency Initiatives Programs as described in the CAP Strategic Plan. -3- Introduced, considered favorably on first reading, and ordered published this 21st day of June, A.D. 2016, and to be presented for final passage on the 5th day of July, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk Passed and adopted on final reading on the 5th day of July, A.D. 2016. __________________________________ Mayor ATTEST: _______________________________ City Clerk