HomeMy WebLinkAbout2014 Resolution No. 045..
RESOLUTION NO. !:/5_
SERIES OF 2014
A RESOLUTION AUTHORIZING A SUPPLEMENT AL APPROPRIATION OF FUNDS FOR
CLEAN ENERGY COLLECTIVE (CEC) SOLAR GARDEN COMMUNITY PROGRAM.
WHEREAS, the City of Englewood is required by City Charter to ensure that expenditures do
not exceed legally adopted appropriations; and
WHEREAS, the 2014 Budget was submitted and approved by the Englewood City Council on
October 21, 2013; and
WHEREAS, Clean Energy Collective (CEC), which administers Xcel Energy's "Solar Garden
Community Program" contacted the City of Englewood; and
WHEREAS, the Solar Garden Community Program allows the City to purchase solar panels
as part of a solar array in Aurora, Colorado; and
WHEREAS, a portion of the electricity generated by the array is used to offset the electricity
used in City facilities; and
WHEREAS, the Englewood City Council has made energy efficiency and investment in
renewable energy sources a priority for a number of years; and
WHEREAS, the Xcel Energy Solar Community Program provides an opportunity for the City
to invest in renewable solar power to offset the electrical power used in Englewood facilities .
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD, COLORADO, AS FOLLOWS:
Section 1. The Budget for the General Fund of the City of Englewood, Colorado, is hereby
amended for the year 2014, as follows:
SOURCES AND USES OF FUNDS.t
CAPITAL PROJECTS FUND:
SOURCE OF FUNDS:
Undesignated Fund Balance
USE OF FUNDS:
Additional Funding for Solar Garden Project
$4,634
$4,634
Section 2. The City Manager and the Director of Finance and Administrative Services are
hereby authorized to make the above changes to the 2014 Budget for the City of Englewood.
ADOPTED AND APPROVED this 2nd day of June, 2014.
I, Loucrishia A. Ellis, City Clerk for t!17j;jty of Englewood, Colorado, hereby certify the
above is a true copy of Resolution No. ~ Series of 2014. . , •
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Loucrishia A. Ellis, City Clerk
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• COUNCIL COMMUNICATION
Date: Agenda Item: Subject:
June 2, 2014 9 Ci Resolution for a Supplemental Appropriation to the 2014
Budget
Initiated By: Staff Source:
Finance and Administrative Services Department Frank Gryglewicz, Director
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
At the January 27, 2014 Study Session, City Council and staff discussed Xcel Energy's "Solar Garden"
program. ln 2013, City staff had been contacted by the Clean Energy Collective (CEC); the CEC administers
Xcel Energy's "Solar Garden Community Program." The Solar Garden Community Program allows the City
to purchase solar panels as part of a solar array in Aurora. A portion of the electricity generated by the
array is used to offset the electricity used in City facilities.
Council requested staff draft a resolution for a supplemental appropriation for $30,000 and present it at a
regular meeting for Council's consideration. Council approved Resolution 37, Series of 2014 on February
18, 2014 .
• RECOMMENDED ACTION
Staff recommends City Council approve the attached resolution for a supplemental appropriation to the
2014 Budget for the following:
SOURCES AND USES OF FUNDS:
CAPITAL PROIECTS FUND:
SOURCE OF FUNDS:
Undesignated Fund Balance $4,634
USE OF FUNDS:
Additional Funding for Solar Garden Project $4,634
BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED
City Council has made energy efficiency and investment in renewable energy sources a priority for a
number of years. The Xcel Energy Solar Community Program provides an opportunity for the City to invest
in renewable solar power to offset the electrical power used in Englewood facilities.
At the January 27, 2014 Study Session, Council was initially presented with a five and ten year financing
proposal but decided on a one-time purchase to offset power used at the Belleview pumping station. The
total cost (including this proposed supplemental appropriation) is $34,634 with an estimated payback
-period of just over four years. The $34,634 will pay for 42 panels, generating 235 watts.
FINANCIAL IMPACT
The Capital Project Fund will have a $4,634 reduction in Unassigned Fund Balance if Council approves the
attached resolution.
UST OF ATTACHMENTS
Proposed Resolution
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