City of Milwaukee - File #: 071136

• File #: 071136
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 11/29/2007
• In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
• Final action: 12/11/2007
• Title: Resolution directing the Office of Environmental Sustainability to report on the feasibility of city financing of solar installations and energy efficiency improvements.
• Sponsors: ALD. ZIELINSKI
• Indexes: ENERGY CONSERVATION, REPORTS AND STUDIES

Date	Ver.	Action By	Action	Result	Tally
12/20/2007	0	MAYOR	SIGNED
12/11/2007	0	COMMON COUNCIL	ADOPTED	Pass	14:0
12/6/2007	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Also Present: Ann Breier, Office of Environmental Sustainability.	Pass	4:0
12/4/2007	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
12/4/2007	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
11/29/2007	0	COMMON COUNCIL	ASSIGNED TO

Number
071136
Version
ORIGINAL
Reference

Sponsor
ALD. ZIELINSKI
Title
Resolution directing the Office of Environmental Sustainability to report on the feasibility of city financing of solar installations and energy efficiency improvements.
Analysis
This resolution directs the Office of Environmental Sustainability to evaluate and report on the feasibility of City financing of solar installations and energy efficiency improvements.
Body
Whereas, Solar energy is a renewable energy source that has economical and environmental advantages over non-renewable sources; and

Whereas, Even with existing subsidies, the cost associated with installation of solar electric systems, solar thermal systems, and energy efficiency projects prohibits residential and commercial property owners from utilizing this alternative; and

Whereas, The City should assess the feasibility of a program whereby the City finances the installation of solar energy systems by securing a pool of funds from a bond or loan fund that gets repaid through assessments on participating property owners’ tax bills; and

Whereas, Under this program, the assessment would be spread over 20 years, the approximate time it takes to recover costs through energy savings, and the assessment would be transferable between owners; and

Whereas, Because a program whereby the City makes financing available for installation of solar energy systems has economical and environmental advantages, the City should assess the feasibility of implementing such program; now, therefore, be it

Resolved, That the Office of Environmental Sustainability is directed to evaluate and report on the feasibility of City financing of solar installations and energy efficiency improvements; and, be it

Further Resolved, That the Office of Environmental Sustainability should assess a program whereby the City finances the installation of solar energy systems by securing a pool of funds from a bond or loan fund that gets repaid through a...