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RES 13592
City of Pleasanton
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RES 13592
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1/16/2013 3:47:27 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
1/15/2013
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DOCUMENT NO
RES 13592
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RESOLUTION NO. 13-592 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, <br /> APPROVING AND AUTHORIZING THE CITY MANAGER OR DESIGNEE TO <br /> EXECUTE PACIFIC GAS AND ELECTRIC COMPANY'S ON-BILL FINANCING <br /> AGREEMENT AND ANY AMENDMENTS THERETO, SPECIFICALLY FOR ENERGY <br /> EFFICIENCY PROJECTS <br /> WHEREAS, the City Council approved the City's Climate Action Plan, which included <br /> implementing energy efficiency projects to reduce energy, operating, and maintenance costs; <br /> WHEREAS, implementing the strategies contained in the Climate Action Plan will help <br /> the City reach its goals and comply with AB32, Global Warming Solutions Act; and <br /> WHEREAS, Pacific Gas and Electric Company administers an On-Bill Financing' <br /> program, which lends up to $250,000 to public agencies with no financing charges; and <br /> WHEREAS, the loan will be used to pay down the principal of the City's energy <br /> efficiency loan (if approved) from the California Energy Commission or other sources; and <br /> WHEREAS, the loan will be repaid from savings achieved on the implemented energy <br /> efficiency project(s); and <br /> WHEREAS, implementing energy efficiency projects will reduce the City's energy <br /> demand and costs, as well as its carbon footprint. <br /> NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF <br /> PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: <br /> SECTION 1. The City Council does hereby approve and authorize the City Manager or <br /> designee to execute PG&E's On-Bill Financing Loan Agreement in a form approved by the City <br /> Attorney and any amendments thereto, for the purpose of implementing energy efficiency <br /> projects. <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at <br /> a regular meeting held on January 15, 2013. <br /> I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing <br /> resolution was adopted by the City Council at a regular meeting held on the 15th day of January, <br /> 2013, by the following vote: <br /> Ayes: Councilmembers Brown, Cook-Kallio, Pentin, Mayor Thorne <br /> Noes: None <br /> Absent: One Vacancy <br /> Abstain: None <br /> ' PG&E also refers to this program as its"Off-Bill Financing"program. <br />
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