Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to enter into a not for profit service agreement in an amount up to $76,143.00 with the Columbus-Franklin County Finance Authority to administer a grant for the department’s C-PACE program.
Ordinance 0924-2020 authorized the Director of Public Utilities to accept an award of an EcoSmart Choice Sustainability Grant in the amount of $152,286.00 from American Municipal Power, Inc. (AMP). Ordinance 1309-2020 authorized half of the grant amount ($76,143.00) to be transferred to the Department of Development’s C-PACE program to help fund energy projects for commercial customers of the City’s Division of Power. Ordinance 1168-2022 authorized the Director of the Department of Development to enter into a not-for-profit service agreement with the Columbus-Franklin County Finance Authority to administer a grant for the department’s C-PACE program. The original grant agreement expired on December 31, 2024. This legislation seeks to reauthorize the Director of the Department of Development to enter into a new not for profit service contract for the original amount of $76,143.00. Funding will be used by the Columbus-Franklin County Finance Authority to administer a grant for the department’s C-PACE program.
These services provided by Columbus-Franklin County Finance Authority cannot be provided by existing city employees because these services are beyond the City’s current staffing capacity to provide.
Emergency Designation: It is necessary to have this as an emergency to execute the agreement to provide funds from the City necessary to allow the Finance Authority to issue a grant and then close on a PACE Loan.
FISCAL IMPACT: Funds for this project are available in the Private Grant Fund 2291, G602000.
CONTRACT COMPLIANCE: The vendor number is 009436 and expires 01/12/2026.
Title
To authorize the Director of the Department of Development to enter into a not for profit...
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