HomeMy WebLinkAbout19921 - RESOLUTIONS - 10/18/2000 RESOLUTION NO. 19921
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, CERTIFYING A POSSIBLE LOW INTEREST LOAN FROM
THE CALIFORNIA ENERGY COMMISSION (CEC) FOR UP TO$300,000
AT A 5.4% INTEREST RATE FOR UP TO ELEVEN (11)YEARS VIA THE
CEC'S "ENERGY CONSERVATION ASSISTANCE ACCOUNT LOAN
PROGRAM".THE LOAN WOULD ASSIST WITH THE COSTS TO DESIGN
AND CONSTRUCT A"SOLAR ABSORPTION SYSTEM INSTALLATION
AT THE CITY'S MUNICIPAL COGENERATION PLANT LOCATED
ADJACENT TO PALM SPRINGS CITY HALL. CITY PROJECT NO. 99-17
WHEREAS, the California Energy Commission (CEC) provides loans to schools, hospitals, local
governments, special districts and public care institutions to finance energy efficiency improvements under
the CEC's "Energy Conservation Assistance Account Loan Program"; and
WHEREAS, the City of Palm Springs is experiencing substantially increased energy, cooling and heating
costs at the Civic Center facilities, especially due to the recent Terminal Building Expansion at the Palm
Springs International Airport, which is heated and cooled primarily by the Municipal Cogeneration Plant
located adjacent to the Palm Springs City Hall; and
WHEREAS, the City of Palm Springs desires to install a "Solar Absorption System' at the City's Municipal
Cogeneration Plant located adjacent to City Hall in Palm Springs to provide the following:
SOLAR ABSORPTION COLLECTOR PANELS
160 TON CHILLER
RECIRCULATION PUMP SYSTEM
Which will be designed to produce the following results:
PROVIDE 222,000 TONS OF ADDITIONAL ANNUAL COOLING
GENERATE 421,000 KILOWATT HOURS OF ANNUAL ELECTRICAL SAVINGS
COSTSAVINGS OF$110,000ANNUALLY($50,OOO ELECTRICAL,$60,OOO IN SURCHARGES),and
WHEREAS, the City of Palm Springs is in the process of applying for at least two grants: 1.An Environmental
Protection Agency (EPA) Federal Grant under the "US EPA Sustainable Development Challenge Grant
Program'in the amount of$200,000 and 2.A South Coast Air Quality Management District(SCAQMD)State
Funded Grant for up to $150,000 to assist in the installation of the proposed Solar Absorption System;
(Conditional Requirement: That both grants must be successful to proceed with the CEC Loan).
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Palm Springs authorizes City staff
to apply for an energy efficiency loan from the California Energy Commission to implement energy efficiency
measures.
BE IT ALSO RESOLVED, that if recommended for funding by the California Energy Commission, the City
Council authorizes the City of Palm Springs to accept a loan for up to$300,000. (June 30, 2001 is deadline
to exercise possible CEC loan).
BE IT ALSO RESOLVED, that the amount of the loan will be paid in full, plus interest, under the terms and
conditions of the Loan Agreement and Promissory Note of the California Energy Commission.
BE IT FURTHER RESOLVED, that City Manager David H. Ready is hereby authorized and empowered to
execute in the name of the City of Palm Springs all necessary documents to implement and carry out the
purpose of this resolution, and to undertake all actions necessary to complete the energy efficiency project.
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CEC Loan Resolution(Cogeneration Solar Absorption System)-Page 2
R19921 ,
Page 2
Adopted this_lsth day of October 2000.
AYES: Councilmembers Hodges, Jones, Oden and Mayor pro tem Reller—Spurgin
NOES: None
ABSENT: Mayor Kleindienst
ATTEST: CITY OF PALM SPRINGPS, CALIFORNIA
v
City Clerk City Manager
REVIEWED &APPROVED AS TO FORM_ s -' _
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