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HomeMy WebLinkAboutResolution 4497 Creation of the Bozeman Business Energy Program V� to e +r 8 COMMISSION RESOLUTION NO. 4497 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, CREATING THE BOZEMAN BUSINESS ENERGY PROGRAM AND THE BOZEMAN BUSINESS INCENTIVE FUND FOR BUSINESSES LOCATED IN THE CITY OF BOZEMAN, COUNTY OF +GALLATIN, STATE OF MONTANA, TO PROMOTE COST SAVINGS, ENERGY EFFICIENCY AND RENEWABLE ENERGY IN COMMERCIAL BUILDINGS. WHEREAS,, the City of Bozeman and its citizens support efforts to strengthen the economic vitality of Bozeman and the surrounding area; and WHEREAS, the City of Boze an's Economic Development Plan prioritizes leveraging "local, state and federal economic development resources to enhance economic growth in Bozeman"; and WHEREAS, the City of Bozeman's Economic Development Plan calls for utilizing incentives or inducements to encourage business investment and development in desired areas; and WHEREAS, the Bozeman. City Commission identified economic development and sustainability as high priorities; and WHEREAS, the Bozeman.. Business Energy Prograrrr represents the nexus between economic development and sustainability; and WHEREAS, in November 2006, the Bozeman City Commission signed the Mayor's Climate Protection Agreement to reduce greenhouse gas emissions; and 1 WHEREAS, the Bozeman City Commission has adopted a Municipal Climate Action Plan and Community Climate Action Plan to guide our greenhouse gas emissions reduction efforts; and WHEREAS, the Community Climate Action Plan supports the utilization of NorthWestern Energy's rebate program; and WHEREAS, on August 11, 2008, the Bozeman City Commission capitalized $60,000 of the Big Sky Energy Revolving Loan Fund using funds obtained through the City of Bozeman's Development Impacts Fund (Big Box Fund); and WHEREAS, on October 20, 2008, the Bozeman City Commission approved a funding agreement with the Northern Rocky Mountain Resource Conservation & Development Council to administer the Big Sky Energy Revolving Loan Fund; and WHEREAS, the Big Sky Energy Revolving Loan Fund has been underutilized with one loan completed since inception, which has been re-paid in full; and WHEREAS, the Northern Rocky Mountain Resource Conservation & Development Council is dissolving and is returning the Big Sky Energy Revolving Loan Fund balance of $56,300 to the City of Bozeman; and WHEREAS, the Big Sky Energy Revolving Loan Fund will be dissolved and replaced with the Bozeman Business Incentive fund incentivizing energy efficiency, energy conservation, and renewable energy and increasing local business competitiveness by reducing energy costs, and supporting robust infill and redevelopment policies. 2 NOW, THEREFORE, BE IT' RESOLVED by the City Commission of the City of Bozeman, Montana, that: Section 1 The Big S Energy Revolving Loan Fund (RLF) and the associated program is hercky dissolved. Section 2 To satisfy the original intent of the "Big Sky Energy RLF" to help finance energy efficiency, energy conservation, and renewable energy production among businesses located within the City of Bozeman, the Bozeman Business Energy Program is hereby established and the Bozeman Business Incentive Fund is hereby created. The Bozeman Business Energy Program offers public recognition of energy conservation efforts and educational opportunities. As part of the Bozeman Business Energy Program, the Bozeman Business Incentive Fund will provide financial assistance to businesses seeking to complete energy efficiency and renewable energy projects. Applicants participating in the Bozeman Business Energy Program will pay a $50 per year membership fee in support of ongoing programming and marketing of the Program. Applicants must own or lease a commercial building and complete a NorthWestern Energy Appraisal or have an energy audit completed by a pre-approved energy auditor. Only projects recommended in the NorthWestern. Energy appraisal or independent audit will be approved for funding. Funds are restricted to qualified purchases and services, including: equipment, energy conservation measures, and installation costs. A one-time incentive in the amount of $500 to $1,500 will be available to businesses or non-profit organizations that own or rent commercial 3 buildings in districts zoned for commercial uses. To encourage local investment, all applicants will be required to contribute 66 percent of the total project cost (2:1 match requirement). Incentives will be provided to eligible applicants on a first-come, first-served basis until the Bozeman, Business Incentive Fund is depleted. The Bozeman Business Energy Program will continue to offer ongoing programming and marketing for member businesses, The Incentive is a grant, not a loan. There is no obligation to repay the Incentive. An application form will be developed by the City Manager's Office and the program marketed to local businesses. The City Manager, or designee, will have authority to approve incentive applications. The approved expenditures will be included in the Expenditure Approval List ("EAL") on Consent Agendas of the Bozeman City Commission. Businesses will be reimbursed after submitting invoices and a statement of completion signed by the applicant and contractor. Additionally, the City reserves the right to complete a visual inspection of the finished project. Businesses are required to adhere to the quote requirements outlined in the "Documentation and Selection of Vendors" section of the City of Bozeman's Purchasing Policy and projects must be completed by licensed, insured, and bonded contractors. PASSED AND APPROVED by the City Commission of the City of Bozeman, Montana, at a regular session thereof held on the 16th day of December, 2013. SEAN A. BECKER Mayor�n ATTEST: 4 m STACY LKI �VI� City Cler APPROVED AS TO FORM: d .. G G LLIVAN City Attorney 5