HomeMy WebLinkAbout2022-09-27 - RESOLUTIONS - ENERGY EFFICIENCY PGM LOANRESOLUTION NO. 22-56
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA
CLARITA, CALIFORNIA, AUTHORIZING THE APPLICATION FOR AN
ENERGY EFFICIENCY LOAN FROM THE CALIFORNIA ENERGY
COMMISSION TO IMPLEMENT ENERGY EFFICIENCY MEASURES IN
THE AMOUNT NOT TO EXCEED $3,000,000, AND AUTHORIZING THE
EXECUTION AND DELIVERY OF A LOAN AGREEMENT, PROMISSORY
NOTE AND TAX CERTIFICATE AND THE TAKING OF CERTAIN
ACTIONS IN CONNECTION THEREWITH.
WHEREAS, the City of Santa Clarita, California (City), desires to finance certain energy
efficiency improvements for City buildings and facilities, including but not limited to, HVAC,
lighting, water conservation, solar, and refrigeration improvements (the "Project") through the
issuance of tax-exempt bonds, cash and a loan with the California Energy Commission; and
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, the City Council of the City of Santa Clarita, California, does hereby
resolve as follows:
SECTION 1. Recitals. All of the above recitals are true and correct and the City Council so
finds.
SECTION 2. Authorizes Application. The City Council of the City (City Council) hereby
authorizes the City to apply for energy efficiency loan from the California Energy Commission to
implement energy efficiency measures (Loan).
SECTION 3. CEQA. In compliance with the California Environmental Quality Act
(CEQA), the City finds that the activity funded by the Loan qualifies in whole for a Categorical
Exemption under Section 15301 of the CEQA because the loan will fund activity to existing, City -
owned facilities.
SECTION 4. Authorization of Loan. If recommended for funding by the California Energy
Commission, the City Council authorizes the City to accept the Loan up to $3,000,000.
SECTION 5. Security for the Loan. The amount of the Loan will be paid in full, plus
interest, under the terms and conditions of the Loan Agreement, Promissory Note and Tax
Certificate of the California Energy Commission, which documents are on file with the City Clerk
and presented to the City Council at this meeting.
SECTION 6. Approval of Loan Agreement, Promissory Note and Tax Certificate. The
Loan Agreement, Promissory Note and Tax Certificate, in substantially the form on file with the
a' City Clerk and presented to the City Council at this meeting, is hereby approved. Any one of the
Mayor, the City Manager of the City, the Assistant City Manager, or City Treasurer (each, an
"Authorized Officer"), is hereby authorized and directed, for and in the name and on behalf of the
Page 1 of 2
City, to execute and deliver the Loan Agreement, Promissory Note and Tax Certifciate, with such
revisions, amendments and completions as shall be approved by an Authorized Officer, with the
advice of Bond Counsel in consultation with the City Attorney, such approval to be conclusively
evidenced by such execution and delivery thereof.
SECTION 7. Other Actions. Any Authorized Officers is hereby authorized and empowered
to execute in the name of the City 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.
SECTION 8. Effective Date of Resolution. This resolution shall take effect immediately
upon its adoption.
PASSED, APPROVED, AND ADOPTED this 27th day of September 2022.
MAYOR
ATTEST:
CITY C,'LLRX-
DATE:
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF SANTA CLARITA )
I, Mary Cusick, City Clerk of the City of Santa Clarita, do hereby certify that the foregoing
Resolution No. 22-56 was duly adopted by the City Council of the City of Santa Clarita at a regular
meeting thereof, held on the 271h day of September 2022, by the following vote:
AYES: COUNCILMEMBERS : Smyth, McLean, Miranda, Gibbs, Weste
NOES: COUNCILMEMBERS : None
ABSENT: COUNCILMEMBERS: None
CITY CLERK
Page 2 of 2