City of Milwaukee - File #: 110140

• File #: 110140
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 5/24/2011
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 6/14/2011
• Title: Substitute resolution approving a commercial financing strategy for the Milwaukee Energy Efficiency Program, amending the cooperation agreement with the Wisconsin Energy Conservation Corporation to administer the Milwaukee Energy Efficiency program, and accepting a subgrant up to an additional $1,500,000 from the United States Department of Energy for the Energy Efficiency and Conservation Block Grant Better Buildings program.
• Sponsors: THE CHAIR
• Indexes: ENERGY CONSERVATION

Date	Ver.	Action By	Action	Result	Tally
6/23/2011	1	MAYOR	SIGNED
6/14/2011	1	COMMON COUNCIL	ADOPTED	Pass	15:0
6/9/2011	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individuals appearing: Matthew Howard, Director, Office of Environmental Sustainability Erick Shambarger, Office of Environmental Sustainability George , Policy Director, WEC Ald. Coggs requests a list of projects that have been started. Ald. Murphy would like an update in two months, including how many funds have been spent.	Pass	5:0
6/6/2011	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
5/24/2011	0	COMMON COUNCIL	ASSIGNED TO

Number
110140
Version
Substitute 1
Reference
100007
Sponsor
THE CHAIR
Title
Substitute resolution approving a commercial financing strategy for the Milwaukee Energy Efficiency Program, amending the cooperation agreement with the Wisconsin Energy Conservation Corporation to administer the Milwaukee Energy Efficiency program, and accepting a subgrant up to an additional $1,500,000 from the United States Department of Energy for the Energy Efficiency and Conservation Block Grant Better Buildings program.
Analysis
This resolution approves commercial financing strategy for the Milwaukee Energy Efficiency program. Common Council Resolution File Number 100007, adopted on July 27, 2010, authorized the Department of Administration - Office of Environmental Sustainability to accept and fund an Energy Efficiency and Conservation Block Grant Better Buildings grant in the amount of up to $20,000,000, with a minimum funding of $12,051,372 to be applied to projects in the City of Milwaukee. The Wisconsin Energy Conservation Corporation (WECC) is administering the program as the Milwaukee Energy Efficiency (ME2) Program.

The resolution also approves an amendment to the Cooperation Agreement with the Wisconsin Energy Conservation Corporation, originally approved in Common Council File Number 10007. This amendment authorizes the City to accept up to $1,500,000 in additional grant funds to secure Clean Energy Financing loans, pending adoption of a companion ordinance establishing the use of the tax roll to collect delinquent payments for approved Energy Efficiency loans. If a collection is not made through the tax roll, this resolution creates additional authority for a Debt Service Reserve Fund funded through the Energy Efficiency and Conservation Block Grant Better Buildings grant. The City of Milwaukee would receive these funds as an additional subgrant from WECC as Clean Energy Financing Loans are made. This ensures that a participating bank is guaranteed to receive ...