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HomeMy WebLinkAboutRES NO 156-17RESOLUTION NO. 15 6— 17 RESOLUTION AUTHORIZING THE PUBLIC WORKS DIRECTOR OF THE CITY OF BAKERSFIELD TO APPLY FOR AN ENERGY EFFICIENCY LOAN FROM THE CALIFORNIA ENERGY COMMISION AND EXECUTE LOAN DOCUMENTS ON BEHALF OF THE CITY IF THE LOAN IS APPROVED, IN AN AMOUNT NOT TO EXCEED $3,000,000 FOR A CITY -WIDE STREET LIGHT PROJECT RECITALS WHEREAS, the California Energy Commission provides loans to schools, hospitals, local governments, special districts, and public care institutions to finance energy efficiency improvements; and WHEREAS, loan funds can be used to finance projects by using the annual energy cost savings to pay the debt service; and WHEREAS, the City owns approximately 15,570 high pressure sodium (HPS) street lights; and WHEREAS, the City has analyzed the cost savings from retrofitting the HPS street lights with Light Emitting Diode (LED) light fixtures and found it to be favorable to the City; and NOW, THEREFORE, BE IT RESOLVED, by the Council of the City of Bakersfield as follows: The above recitals are true and correct. 2. The City Council authorizes the City of Bakersfield to apply for an energy efficiency loan from the California Energy Commission to implement energy efficiency measures. 3. In compliance with the California Environmental Quality Act (CEQA), the City Council finds that the activity funded by the loan is exempt pursuant to CEQA guidelines Section 15302(c) which exempts replacement and reconstruction of existing utility systems and /or facilities involving negligible or no expansion of capacity. GR? (,N.AL 4. If recommended for funding by the California Energy Commission, the City Council hereby authorizes the City of Bakersfield to accept a loan up to $3,000,000. The amount of the loan will be paid in full, plus interest, under the terms and conditions of the Loan Agreement, Promissory Note, and Tax Certificate of the California Energy Commission, 5. The City Council hereby authorizes the Public Works Director and the Finance Director to execute on behalf of the City of Bakersfield all necessary documents to implement and carry out the purpose of this resolution, and to undertake all actions necessary to undertake and complete the energy efficiency projects. �gAKP9 o N OAIGIV41 HEREBY CERTIFY that the foregoing Resolution was passed and adopted by the Council of the City of Bakersfield at a regular meeting thereof held on NOV 1 -1017 by the following vote: ✓ ✓ ✓ ✓ ✓ YES: COUNCIL MEMBER RIVERA, GONZALES, WEIR, SMITH, FREEMAN, SUE,W N, PARLIER NOES: COUNCIL MEMBER N9 ABSTAIN: COUNCIL MEMBER BSENP COUNCIL MEMBER < a Sa \\ gar ajj___�2 CITY CLERK and EAbfficio Clerk of the Council of the City of Bakersfield APPROVED NOV 15 7017 By KAREN GOH Mayor APPROVED AS TO FORM: VIRGINIA GENNARO City Attorney SHUA H. RUDNICK Deputy City Attorney �5AKf9 vv ORICIAIA!