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HomeMy WebLinkAbout075 - 07/15/2008 - APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE LIGHT AND POWER FUND FOR ENERGY STAR/ENERGY EFFICIE ORDINANCE NO. 075, 2008 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE LIGHT AND POWER FUND FOR ENERGY STAR/ENERGY EFFICIENCY PROGRAMS AND AUTHORIZING THE TRANSFER OF MATCHING FUNDS PREVIOUSLY APPROPRIATED IN THE LIGHT AND POWER OPERATING BUDGET WHEREAS, the State of Colorado Governor's Energy Office has awarded the City of Fort Collins Utilities Energy Services program three grants, each in the amount of$25,000, for a total of$75,000; and WHEREAS, the City will use the three grants to promote ENERGY STAR and energy efficiency programs as described in each grant; and WHEREAS, each grant requires a cash match from the City in the amount of $25,000 and these funds are currently available from the existing 2008 appropriation in the Light and Power Fund; and WHEREAS, the programs funded by the grants are designed to aid in reaching Energy Policy goals for energy conservation and renewable energy sources as approved by City Council in Resolution 2003-038; and WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins 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 the 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 Governor's Energy Office funds 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 the fiscal year; and WHEREAS, Article V, Section 10, of the Charter authorizes the City Council to transfer by ordinance any unexpended and unencumbered amount or portion thereof from one fund or capital project to another fund or capital 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 revenue in the Light and Power Fund the sum of SEVENTY-FIVE THOUSAND DOLLARS ($75,000) for expenditure in the Light and Power Fund for ENERGY STAR and energy efficiency programs. Section 2. That the unexpended appropriated amount of SEVENTY-FIVE THOUSAND DOLLARS ($75,000) is authorized for transfer from the Light and Power operating budget to the Light and Power grant projects for ENERGY STAR and energy efficiency programs. Section 3. That the City Manager is hereby authorized to enter into grant agreements with the State of Colorado Governor's Energy Office and to execute other related documents obligating the City to promote ENERGY STAR and other energy efficiency programs, and to execute such documents upon such terms and conditions as the City Manager, in consultation with the City Attorney, determines to be necessary and appropriate to protect the interests of the City. Introduced, considered favorably on first reading, and ordered published this 1st day of July, A.D. 2008, and to be presented for final passage on the 1 of July, A.D. 2008. Mayor ATTEST: City Clerk Passed and adopted on final reading on the 15th day of , .D. 2008. Mayor ATTEST: Q City Clerk