Number
091061
Version
ORIGINAL
Reference
071136, 080121, 080398
Sponsor
ALD. HINES
Title
Resolution relating to application for a grant from the United States Department of Energy for the Energy Efficiency and Conservation Block Grant Retrofit Ramp-up Program.
Analysis
This resolution authorizes the Office of Environmental Sustainability to apply for an Energy Efficiency and Conservation Block Grant Retrofit Ramp-up grant in the amount of up to $75,000,000, of which up to $45,000,000 could be applied to projects in the City of Milwaukee. The Wisconsin Energy Conservation Corporation (WECC) will most likely administer the program, and the City will be applying in conjunction with the City of Madison and the City of Racine. The grant requires a local leverage ratio of 5:1 through public and private partnerships for any funds spent within the City. Acceptance of the grant will require Common Council action to allow tax-lien financing consistent with s.66.0627, Wis. Stats., allowing special charges to fund energy efficiency improvements. This grant may also require the issuance of a municipal bond that is backed by program revenues and grants to capitalize the revolving loan fund.
The purpose of this grant is to fund whole-neighborhood building energy retrofits. These will be projects that demonstrate sustainable business models for providing cost-effective energy upgrades for a large percentage of the residential, commercial, and public buildings in selected neighborhoods. The program will include partnerships between the public and private sector, utility retrofit and audit programs, alternative financing, and retail partnerships.
Body
Whereas, The City of Milwaukee is eligible to apply for grant funds from the U.S. Department of Energy to fund whole-neighborhood building energy retrofits, and these will be projects that demonstrate a sustainable business model for providing cost-effective energy upgrades for a large percentage of the residentia...
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