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HomeMy WebLinkAbout086 - 08/04/2020 - MAKING A SUPPLEMENTAL APPROPRIATION IN SUPPORT OF THE EPIC HOMES PROGRAM FOR THE INDOOR ENVIRONMENTA ORDINANCE NO. 086, 2020 OF THE COUNCIL OF THE CITY OF FORT COLLINS MAKING A SUPPLEMENTAL APPROPRIATION IN SUPPORT OF THE EPIC HOMES PROGRAM FOR THE INDOOR ENVIRONMENTAL QUALITY STUDY BY COLORADO STATE UNIVERSITY WHEREAS, the City has previously established and funded a program to assist certain Electric Utility customers of Fort Collins Utility Services ("Utility Services") in financing home- energy-efficiency and renewable-energy improvements for single-family residential properties they own by making loans to these customers, whether their properties are owner- or renter- occupied ("Epic Homes Program"); and WHEREAS, in 2018, the City was awarded a $1 million grant from Bloomberg Philanthropies ("Bloomberg") to be used for the Epic Homes Program, which grant is being paid to the City under an agreement with Bloomberg that provides for certain annual payments to the City; and WHEREAS, the primary purpose of the EPIC Homes Program is to improve the energy efficiency of older homes, but it also provides the added benefits of making these homes more comfortable and healthier for the residents; and WHEREAS, Colorado State University ("CSU"), in partnership with Utility Services and in support of the EPIC Homes Program, will therefore be conducting an indoor environmental quality study ("IEQ Study") to improve Utility Services' understanding of the connections between community health and well-being and energy-efficiency upgrades; and WHEREAS, on August 15, 2019, the City and CSU entered into a Services Agreement agreeing to and setting forth the scope of services that CSU would provide the City in performing the IEQ Study (the "CSU Agreement"); and WHEREAS, the City has received from Bloomberg the 2020 grant payment which has been deposited in the City's Light and Power Fund established in City Code Section 8-77 (the "Light & Power Fund"); and WHEREAS, there is $37,000 of these grant funds remaining unappropriated in the Light & Power Fund and available to fund the IEQ Study under the CSU Agreement; and WHEREAS, Article V, Section 9 of the City Charter permits the City Council, upon recommendation of the City Manager, 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, the City Manager has recommended the appropriation described herein and determined this appropriation is available and previously unappropriated from the Light and Power Fund and 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 4- any fiscal year; and WHEREAS, this appropriation benefits the public's health, safety and welfare and serves and supports the utility and public purposes provided by the EPIC Home Loan Program of improving the energy efficiency of older homes in Fort Collins, thereby benefiting Electric Utility ratepayers, and improving the health, safety and comfort of the residents of the improved homes. 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 anticipated grant revenue in the Light and Power Fund the sum of THIRTY-SEVEN THOUSAND DOLLARS ($37,000) for expenditure from the Light and Power Fund to fund the IEQ Study being performed by CSU in support of the EPIC Homes Program under the CSU Agreement. Section 3. That the City Council hereby authorizes and approves the CSU Agreement retroactive to August 15, 2019, and further ratifies and reaffirms the services provided and payments made under it since August 15, 2019. Introduced, considered favorably on first reading, and ordered p blished this 21 st day of July, A.D. 2020, and to be presented for final ssage on th d , A.D. 2020. Mayor ATTEST: �of IFoRT c�� SEAL City Cler COL OR Apo• Passed and adopted on final reading on the ugust, A.D. 2020. or ATTEST: �oF�oRr�o1C SEAL City c1qW c01 UR Pl�� -2-