HomeMy WebLinkAbout060 - 05/07/2013 - APPROPRIATING UNANTICIPATED REVENUE INTO THE LIGHT & POWER ,FUND FOR THE RENEWABLE AND DISTRIBUTED S ORDINANCE NO. 060, 2013
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE INTO
THE LIGHT& POWER FUND FOR THE RENEWABLE
AND DISTRIBUTED SYSTEMS INTEGRATION (RDSI) PROJECT
WHEREAS,in 2008 the Citywas awarded$6,323,380 in Department of Energy(DOE)grant
monies to undertake the Renewable and Distributed Systems Integration (RDSI) project in
collaboration with twelve partner organizations; and
WHEREAS, through this partnership, the project has provided significant grant funding to
Colorado State University and Fort Collins based energy sector businesses for research and
development to advance electric utility distribution technologies; and
WHEREAS, over the course of the effort, the City and the DOE have worked together to
modify and adjust the work program ten times in response to emergent issues and opportunities;and
WHEREAS, with the most recent project modification, the DOE has increased the grant
award by$372,500 to fund two additional demonstration project components within overall grant;
and
WHEREAS, in addition to the DOE grant funding, the City has received a $250,000
contribution from the Downtown Development Authority(DDA)and a$222,824 contribution from
the Community Foundation in support of the project;and
WHEREAS, this project contributes to research and development effort that will improve
the ability for electric utilities to more efficiently manage the electric distribution system and
integrate renewable energy sources; 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 revenue as described
herein will not cause the total amount appropriated in the Light& 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 as follows:
Section 1. That there is hereby appropriated for expenditure from unanticipated grant
revenue in the Light&Power Fund the sum of THREE HUNDRED SEVENTY-TWO THOUSAND
FIVE HUNDRED DOLLARS ($372,500) for the RDSI project modification. .
Section 2. That there is hereby appropriated for expenditure from DDA contribution
i revenue in the Light&Power Fund the sum of TWO HUNDRED FIFTY THOUSAND DOLLARS
($250,000) for the RDSI project modification.
Section 3. That there is hereby appropriated for expenditure from other contributed
revenue in the Light& Power Fund the sum of TWO HUNDRED TWENTY-TWO THOUSAND
EIGHT HUNDRED TWENTY-FOUR DOLLARS ($222,824) for the RDSI project modification. .
Introduced, considered favorably on first reading, and ordered published this 16th day of
April, A.D. 2013, and to be presented for final passage on the 7th day of May, A.D. 2013.
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City Clerk
Passed and adopted on final reading on the 7th day of May, A.D. 2013.
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