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File #: 18-1223    Version: 1
Type: Bill Status: Passed
File created: 10/22/2018 In control: Finance & Governance Committee
On agenda: 11/19/2018 Final action: 11/19/2018
Title: A bill for an ordinance authorizing the transfer of cash from the General Government Federal Stimulus Fund to the Health Federal Stimulus Fund and closing the General Government Federal Stimulus Fund. Closes Special Revenue Fund 11217 and transfers the remaining cash associated with the clean energy grant loan program to Fund 14217, a grant fund within the Department of Public Health and Environment. The Committee approved filing this item at its meeting on 10-30-18.
Indexes: Jonathan Griffin
Attachments: 1. BR18 1223 DOF Clean Energy SRF Closure, 2. CB18-1223_DOF_Clean Energy SRF, 3. 18-1223_Files Bill_DOF_Clean Energy SRF.pdf, 4. 18-1223 - signed, 5. 18-1223 Filed Bill for an Ordinance Authorizing the transfer of cash from general govt fed stimulus fund to Health federal stimulus fund
Finance Item/Grant Request Template

Date Submitted: 10-23-18

Requesting Agency: Finance
Division:

Subject Matter Expert:

Name: Feven Netsanet
Email: Feven.Netsanet@denvergov.org

Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney's Office should enter the title above the description (the title should be in bold font).

Both the title and description must be entered between the red "title" and "body" below. Do not at any time delete the red "title" or "body" markers from this template.
title
A bill for an ordinance authorizing the transfer of cash from the General Government Federal Stimulus Fund to the Health Federal Stimulus Fund and closing the General Government Federal Stimulus Fund.
Closes Special Revenue Fund 11217 and transfers the remaining cash associated with the clean energy grant loan program to Fund 14217, a grant fund within the Department of Public Health and Environment. The Committee approved filing this item at its meeting on 10-30-18.
body

Affected Council District(s) or citywide?

Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
In 2010, The Department of Public Health and Environment (DDPHE) received a federal pass-through grant from Boulder County to support loans for energy efficient upgrades of commercial and residential buildings. To support the program, a loan loss reserve was established with Elevations Credit Union, and the Colorado Housing and Finance Authority (CHFA) as the third party administer established three accounts in their name at Wells Fargo Bank. In turn, CHFA charged the City approximately $15,000 per year as part of the agreement to...

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