City of Milwaukee - File #: 110269

• File #: 110269
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 6/14/2011
• In control: COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE
• Final action: 7/6/2011
• Title: Resolution authorizing the Department of Administration-Office of Environmental Sustainability to enter into a cooperation agreement with Summit Credit Union to deliver the Milwaukee Shines Solar Loan Program, to expend funds out of the Milwaukee Shines contribution account, and to establish a revenue account to receive maintenance fees for this grant program.
• Sponsors: ALD. ZIELINSKI
• Indexes: AGREEMENTS, DEPARTMENT OF ADMINISTRATION, ENERGY CONSERVATION, ENVIRONMENT, WISCONSIN ELECTRIC POWER COMPANY

Date	Ver.	Action By	Action	Result	Tally
7/11/2011	1	MAYOR	SIGNED
7/6/2011	1	COMMON COUNCIL	ADOPTED	Pass	15:0
6/27/2011	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	SUBSTITUTED; Minutes note: Individuals present: Amy Heart, Office of Environmental Sustainability Matt Howard, Office of Environmental Sustainability Ms. Heart and Mr. Howard gave a powerpoint presentation on the Milwaukee Shines Solar Loan Program.	Pass	5:0
6/27/2011	1	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
6/21/2011	0	COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE	HEARING NOTICES SENT
6/14/2011	0	COMMON COUNCIL	ASSIGNED TO

Number
110269
Version
SUBSTITUTE 1
Reference
091269, 100769
Sponsor
ALD. ZIELINSKI
Title
Resolution authorizing the Department of Administration-Office of Environmental Sustainability to enter into a cooperation agreement with Summit Credit Union to deliver the Milwaukee Shines Solar Loan Program, to expend funds out of the Milwaukee Shines contribution account, and to establish a revenue account to receive maintenance fees for this grant program.
Analysis
This resolution authorizes the Department of Administration-Office of Environmental Sustainability to enter into a cooperation agreement with Summit Credit Union to deliver the Milwaukee Shines Solar Loan Program. The Solar Loan Program augments other Milwaukee Shines activities that are funded from the U.S. Department of Energy Solar America Cities program, totaling $860,543, to spur interest and investment in solar energy.

The Milwaukee Shines Solar Loan Program will utilize $120,000 in donated funds from We Energies, a Milwaukee Shines partner, with $100,000 utilized as the loan loss reserve with Summit Credit Union to support $2 million in solar loans, and $20,000 utilized as an incentive for the first 20 residents who participate in the Milwaukee Shines Solar Loan Program. The objective of the Milwaukee Shines Solar Loan Program is to achieve at least 100 new solar energy installations throughout the city over the two-year grant period. The Milwaukee Shines Solar Loan Program agreement with Summit Credit Union will create a maintenance fee through the loan transactions that will help maintain the program.

Body
Whereas, The Common Council through adoption of Common Council File Number 091269, adopted February 9, 2010, has expressed its commitment to promoting solar energy in the City; and

Whereas, The Milwaukee Shines grant through the U.S. Department of Energy Solar America Cities program represents a presidential priority to deploy clean, reliable energy technologies across the countr...