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Meeting Date:
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6/22/2010 - 7:30 PM
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Category:
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Untitled
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Type:
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Action
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Subject:
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16.8 Request to Allocate Funds Necessary to Reserve Application for Participation in the California Solar Initiative Program
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure
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File Attachment:
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Summary:
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The District has identified the installation of solar facilities as a major facet of the Measure C Facilities Improvement Program. Given the immediate and persistent fiscal benefit derived from the installation and operation of these systems, the construction of these facilities enjoys certain priority.
Presently, the District has a limited opportunity to participate in the California Solar Initiiative (CSI) Program at 'Incentive Level' 7. Participation at this level will secure incentive payments to the District (based on actual Kwh production) at a rate of $0.19 per Kwh for a period of five (5) years, or, approximately $2.8 million per year for five years. In order to reserve our application in the CSI Program it is necessary to submit a refundable application fee with the application. Staff is requesting approval to submit the $321,250.00 application fee using available, unallocated Proposition 55 funds. Said funds would be restored with Measure C funds after the initial bond sale.
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Funding:
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Proposition 55 Funds
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Fiscal Impact
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N/A
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Recommendation:
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Approve allocation of funds as requested.
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Approvals:
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Recommended By:
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Signed By:
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Pete Pedersen - Measure C
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Signed By:
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Steven Lawrence - Superintendent
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Vote Results:
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| Original Motion | | Member Sherry Whitmarsh Moved, Member Linda Mayo seconded to approve the Original motion 'Approve resolution on Maintenance of Fiscal Solvency as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Gary Eberhart | Yes | | Paul Strange | Yes | | Linda Mayo | Yes | | Richard Allen | Yes | | Sherry Whitmarsh | Yes | |
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