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THE CITY OF u "t 1S�4NTON® CITY COUNCIL AGENDA REPORT 12 October 18, 2011 Operations Services TITLE: APPROVAL OF $250,000 FROM THE CAPITAL IMPROVEMENT PROGRAM TO ESTABLISH THE ENERGY UPGRADE PLEASANTON PROGRAM SUMMARY For the past 24 months, staff has been working on a state-wide program called Energy Upgrade California (EUC), which is an alliance among California, cities, counties, non- profit organizations, the state's investor-owned utilities such as Pacific Gas and Electric, publicly owned utilities, and the California Energy Commission to help residential and commercial consumers and the building industry, become knowledgeable about the many energy and water efficiency programs and financing options available to complete energy efficiency upgrades. Through this program, consumers are informed of a full range of rebates, tax credits, and financing options available to complete energy upgrades. Due to the success of this program, and its applicability to the recently adopted Climate Action Plan, staff recommends developing a local program to be called "Energy Upgrade Pleasanton" that will expand on the already established EUC by providing information related to participating contractors and additional financial incentives. The program would be funded with $250,000 from the City Capital Improvement Program Reserve fund. RECOMMENDATION Staff recommends Council approve adoption of the Energy Upgrade Pleasanton program and authorize $250,000 from the City Capital Improvement Reserve (CIPR) project (068018) to provide funding for the program. FINANCIAL STATEMENT The CIPR current approximate balance is $1.4 million and the program would qualify for funding from this source. Because the CIPR is a reserve fund, this allocation would not impact any funded projects.