RES 221271 - Laserfiche WebLink

Section 4. Implementation | 72Pleasanton Climate Action Plan 2.0 4.6 Funding and Financing The City of Pleasanton has several opportunities to finance CAP 2.0 strategies and actions. As climate impacts intensify and occur more frequently, resources are becoming more readily available from the federal government, State of California, local agencies, and utilities. The City will seek grants, matching funds, in-kind contributions, and other resources from state, federal, and philanthropic sources to help pay for actions, make wise use of the City’s General Fund, and limit the cost of implementation to the City and Pleasanton community. Potential funding sources may include: • Support for electrification of buildings and transportation through grants and rebate opportunities through EBCE and BayREN • Municipal, commercial, and residential solar and energy storage rebates through BAAQMD, CPUC, and/or EBCE • Air quality improvement grants and rebates from BAAQMD • Joint applications with other local and regional agencies for competitive statewide and federal funding programs, especially those that support alternative transportation goals • Existing funding sources as matching funds for regional, state, or federal funding such as the federal Infrastructure Investment & Jobs Act (2021) • General funds from the City of Pleasanton for staff time to seek and apply for funding, fully cover project costs, or as a match to outside funding sources • The establishment of a City impact fee to cover costs associated with emissions reductions for projects related to specific CAP 2.0 actions CAP 2.0 will not be implemented all at once—it will take time, investment, and ongoing work within the community. The City has committed to fund and implement existing ongoing and primary actions, and will fund and implement secondary actions if resources become available.