Explanation
Background: This ordinance authorizes the City Auditor to establish a certificate in the amount of $7,000,000.00 to fund a Columbus Regional Green Fund in support of clean energy projects and a range of clean energy and energy efficiency initiatives that benefit the greater Columbus community. The funding will support clean energy project financing for non-profit entities and affordable housing developments within the City of Columbus in alignment with the Columbus Climate Action Plan and the city’s commitments to equity and environmental justice.
Sustainable Columbus, in coordination with the Columbus Partnership has been working to establish the Columbus Regional Green Fund and are working with other localities to make funding commitments to the entity to further its community impact.
This ordinance also authorizes the expenditure of $7,000,000.00 for the purposes described above.
Fiscal Impact: This ordinance authorizes the transfer of $7,000,000.00 from the General Fund to the Sustainable Columbus fund and the expenditure of such funds to undertake the projects outlined above.
Title
To authorize and direct the City Auditor to establish an Auditor’s Certificate in the amount of $7,000,000.00 to fund a Columbus Regional Green Fund in support of clean energy projects and a range of clean energy and energy efficiency initiatives that benefit the greater Columbus community, on behalf of the Department of Finance; to authorize the transfer of $7,000,000.00 from the General Fund to the Sustainable Columbus Fund; and to authorize the expenditure of $7,000,000.00 from the Sustainable Columbus Fund for the purpose(s) described above. ($7,000,000.00)
Body
WHEREAS, the Office of Sustainability, in partnership with the Department of Finance and Management is developing a Columbus Regional Green Fund in support of clean energy projects and a range of clean energy and energy efficiency initiatives that benefit the greater Columbus community; and
WHERE...
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