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HomeMy WebLinkAboutResolution 2014-0066TITLE: CITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 66 Series of 2014 A RESOLUTION AMENDING THE FISCAL YEAR 2014 GENERAL FUND BUDGET TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET APPROPRIATION IN THE AMOUNT OF $77,662.80 FOR A DEPOSIT TO PURCHASE SOLAR PANELS IN THE CLEAN ENERGY COLLECTIVE COMMUNITY-OWNED SOLAR ARRAY WHEREAS, the City of Wheat Ridge received two proposals to participate in a solar garden agreement through Xcel Energy 's Solar Rewards Community program ; and WHEREAS , City Council is supportive of demonstrating the City's commitment to sustainability, sustainable community solutions and saving taxpayer dollars; and WHEREAS, a consensus was reached by City Council to finalize contract negotiations with Clean Energy Collective to purchase solar panels in its Jefferson County solar array; and WHEREAS, a 10 percent, refundable deposit in the amount of $77,662 .80 is required to reserve the City's solar panels while contract negotiations and financing are being finalized . NOW, THEREFORE, BE IT RESOLVED by the City Council of Wheat Ridge, Colorado, as follows: A. The City Council aut horizes the transfer of $77 ,662 .80 from the General Fund undesignated reserves to account number 01-610-700-799 and amending the 2014 fiscal year budget accordingly. DONE AND RESOLVED this B"' day o cemb --~~~~~r------------------------------------­Joice ATIEST: GEDfoNRJWRURA