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4IEIMISM 0 OF AZUSA lig0
Ught &Water Department77e&Cave* Telephone (8 1 334-0215
FAX ( 1334-3163
March 16, 1995
AGENDA ITEM
TO: Honorable Mayor& Members of the City Council
FROM: Joseph F. Hsu, Director of Utilities
VIA: Henry Garcia, City Administrator
RE: RESOLUTION ADOPTING ENERGY EFFICIENCY LOAN PROGRAM
BACKGROUND
At its February 21 meeting, City Council approved the Financing Energy Efficiency
Projects Loan Program providing loan financing to commercial and industrial
businesses in Azusa. The Resolution was inadvertently omitted from the program
package and is submitted here for adoption.
RECOMMENDATION
It is recommended that Council adopt the attached Resolution for the Financing Energy Efficiency
Projects Loan Program approved at the February 21 Council Meeting.
JFH/MJP
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777 North Alameda Avenue • P.O. Box 9500 ' Azusa. California 91702-9500
RESOLUTION NO. 95 -.L'36
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF AZUSA APPROVING A COMMERCIAL ENERGY
EFFICIENCY PROJECT LOAN PROGRAM TO BE
ADMINISTERED BY THE CITY'S LIGHT AND WATER
DEPARTMENT.
Background
1 . The Light and Water Department ("Department") have
set up a program to loan $200, 000 to several existing and new
commercial customers to perform energy efficiency improvements on
their facilities; and
2 . The City of Azusa will act as a partner in the
energy efficiency, environmental, and business development goals of
its customers; and
3 . The program will help the Department remain
competitive in retaining and attracting new businesses to the City
of Azusa; and
4 . The program will allow for more efficient use of
existing generation and transmission facilities; and
5. The program will expand electric revenues through
efficient load growth due to an influx of businesses in the
electric utility service territory.
Resolution
The City Council of the City of Azusa resolves as
follows:
Section 1. To approve the Energy Efficiency Projects
Loan Program for an aggregate amount of up to $200, 000.
Section 2 . To authorize the Director of the Light and
Water Department to sign individual Energy Efficiency Loan
Agreements or other documents connected with the Energy Efficiency
Loan Program, and to administer the Program.
Section 3 . This resolution is effective immediately upon
its adoption.
K1113075.R 1
March PASSED, APPROVED AND ADOPTED this 20 day of
, 1995.
p/P40-u-,_
Mayor
it >
ity C -rk
APPROVED AS TO FORM:
Director of fight nd W ter
Depars nt
C Air Attorney
KT\3073.R 2