Finance Item/Grant Request Template
Date Submitted: 10-11-21
Requesting Agency: Finance
Division:
Subject Matter Expert Name:
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Name: Kyrill Kretzschmar, Capital Planning |
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Email: Kyrill Kretzschmar@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 making a rescission from and an appropriation in the General Government Special Revenue Fund Series to make a cash transfer to and an appropriation in the Capital Improvements and Capital Maintenance Fund.
Approves a rescission and an appropriation in the Climate Protection Fund to transfer $18 million from the Climate Protection Fund to the Climate Protection Capital Projects Fund, and appropriates the transferred amount to be utilized for capital improvements associated with the Renewable Denver Community Solar initiative. The Committee approved filing this item at its meeting on 11-9-21.
body
Affected Council District(s) or citywide? Council Districts 5, 6, 8, 9, 11
Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
This ordinance request seeks to rescind and appropriate $18M in the Climate Protection SRF to make a cash transfer of $18M from the Climate Protection SRF, 11880, to the Climate Protection Capital Projects Fund, 34804, and appropriate the transferred amount in the Climate Protection Capital Project Fund. This appropriation will provide funding for the design, development, and construction of solar photovoltaic generating facilities and electric vehicle chargers owned by the City as part of the Renewable Denver Community Solar initiative.
This is an administrative action to support contract CASR-202160403-00 which will be coming before City Council in the form of a resolution.
This ordinance will appropriate the funding as follows:
Fund Org Project Name Project Name Amount
34804 0107000 CW001 Solar Infrastructure Improvements $18,000,000
Type (choose one: Grant; Supplemental; Fund Creation; Fund Rescission; Fund Transfer; Appropriation; Other):
Amount:
Budget Year:
Fund and Funding Source (Fund/Org/Grant Number, if applicable):
Grantor (if applicable):
Fund Matching Requirements (if applicable):
Fiscal Impact: