Agenda Text
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Requesting approval to create the Energy Stabilization Fund for the purpose of funding energy efficiency and decarbonization projects in City buildings.
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Official Text
To the Honorable City Council:
I respectfully request that your Honorable City Council vote to create the Energy Stabilization Fund under the provisions of MGL 40, Section 5B. This Fund will be used for projects that reduce carbon emissions and energy costs for City operations. The attached memorandum explains the need, funding structure, and expected outcomes of this ambitious new climate change fund.
Sources of funding for the Energy Stabilization Fund will include city appropriations, reserve fund appropriations, grants, and revenue from solar net metering credits and demand-response program incentive payments.
My staff will be available to answer any questions you may have. Thank you for your consideration of this matter.
Respectfully Submitted,
Joseph A. Curtatone, Mayor