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HomeMy WebLinkAbout5942_CCv0001.pdf RESOLUTION NO. 5942 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS AUTHORIZING THE APPLICATION TO THE CALIFORNIA ENERGY COMMISSION FOR A LOAN TO IMPLEMENT ENERGY EFFICIENCY MEASURES. WHEREAS, the California Energy Commission provides loans to schools, hospitals, local governments, special districts, and public care institutions to finance energy efficiency improvements; NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Redlands authorizes the submittal of an application for an energy efficiency loan from the California Energy Commission to implement energy efficiency measures (LED traffic signal lamp conversion). BE IT ALSO RESOLVED, that if recommended for funding by the California Energy Commission, the City Council of the City of Redlands authorizes the acceptance of a loan up to $415,000, with the Mayor authorized to sign the Loan Agreement and Promissory Note on behalf of the City of Redlands. BE IT ALSO RESOLVED, that the amount of the loan will be paid in full, plus interest, under the terms and conditions of the Loan Agreement and Promissory Note of the California Energy Commission. BE IT FURTHER RESOLVED, that the Public Works Director of the City of Redlands is hereby authorized and empowered to execute in the name of the City of Redlands all necessary documents to implement and carry out the purpose of this resolution, and to undertake all actions necessary to undertake and complete the energy efficiency projects. ADOPTED, SIGNED AND APPROVED this 4th day of September, 2001. Mayor, City of Redlands ATTEST: City lerk 1, Lorrie Poyzer, City Clerk of the City of Redlands, hereby certify that the foregoing resolution was adopted by the City Council at a regular meeting thereof on the 4t` day of September, 2001, by the following votes: AYES: Council.members George, Freedman, Peppler, Haws; Mayor Gilbreath NOES: None ABSENT: None orrie oyzer, i C erk