HomeMy WebLinkAboutCC Resolution 13392 (Financing Supplement; PG&E)RESOLUTION NO. 13392
RESOLUTION AUTHORIZING APPLICATION FOR THE ENERGY EFFICIENCY
RETROFIT LOAN PROGRAM AND AUTHORIZING THE PUBLIC WORKS
DIRECTOR TO SIGN A FINANCING SUPPLEMENT WITH PACIFIC GAS &
ELECTRIC COMPANY (PG&E).
WHEREAS, the City of San Rafael maintains and operates over 4,400 high pressure
sodium street lights; and
WHEREAS, replacement of the street lights with energy efficient fixtures will reduce
the energy required to maintain existing street lights and is fiscally advantageous; and
WHEREAS, Energy Efficiency Retrofit Loan Program is funded by California utility
customers and administered by Pacific Gas and Electric Company (PG&E); and
WHEREAS, the loans issued under the Program are interest-free, unsecured loans to
reimburse PG&E customers for the costs they incur in connection with a qualified retrofit
project; and
WHEREAS, in order to receive assistance, the City must sign a Financing Supplement
Application with Pacific Gas & Electric (PG&E).
NOW, THEREFORE, IT IS HEREBY ORDERED AND RESOLVED that the
Director of Public Works is authorized to apply to PG&E for an interest free loan in the
maximum amount of $250,000 for installation of energy efficient street light fixtures, and to sign
the Financing Supplement to the Energy Efficiency Retrofit Program Application and the related
Loan Agreement in a form approved by the City Attorney.
IT IS FURTHER RESOLVED that the Director of Public Works is hereby authorized
to take any and all such actions and make changes as may be necessary to accomplish the
purpose of this resolution.
I, ESTHER C. BEIRINE, City Clerk of the City of San Rafael, hereby certify that the
foregoing resolution was duly and regularly introduced and adopted at a regular meeting of the
Council of said City held on the 6`h day of August, 2012, by the following vote, to wit:
AYES: COUNCIL MEMBERS: Connolly, Heller, Levine, McCullough & Mayor Phillips
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ESTHER C. BEIRNE, City Clerk
File No.: 18.01.74