HomeMy WebLinkAbout15868RESOLUTION NO. 15868 A RESOLUTION RESCINDING RESOLUTION NUMBER 13612, ADOPTED FEBRUARY 13, 2017 - payers presents a challenge to the City's economic and social wellbeing; and WHEREAS, while studies suggest renewable energy resources will eventually be a cost- effective source of future power generation, the current cost associated with the development and implementation of a vision of the City of Pueblo being powered by 100% renewable energy remains cost prohibitive; and percentage of Pueblo's power generated by renewable energy sources through the installation of additional wind and solar power has not produced the promised savings of $47.2 million; and -income rate payers at a disproportionate rate; and WHEREAS, while the vision of 100% renewable energy sources powering the City of Pueblo is a noble goal, the costs associated with a transition to 100% renewable energy is not attainable by the year 2035; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that SECTION 1. Resolution 13612, adopted by Council February 13, 2017, is hereby rescinded. SECTION 2. The officers and staff of the City are directed and authorized to perform any and all acts consistent with the intent of this Resolution to effectuate the policies and procedures described herein. SECTION 3. This Resolution shall become effective immediately upon final passage. INTRODUCED: December 23, 2024 BY: Boston MEMBER OF CITY COUNCIL APPROVED: __________________________ PRESIDENT OF CITY COUNCIL ATTESTED BY: ________________________ DEPUTY CITY CLERK City Clerk's Office Item # Q1 Background Paper for Proposed Resolution COUNCIL MEETING DATE: December 23, 2024 TO: President Mark Aliff and Members of City Council CC: Mayor Heather Graham VIA: Marisa Stoller, City Clerk FROM: Harley Gifford, Deputy City Attorney SUBJECT: A RESOLUTION RESCINDING RESOLUTION NUMBER 13612, ADOPTED FEBRUARY 13, 2017 SUMMARY: Attached is a resolution rescinding Resolution 13612 which declared the City's intent to ewable energy by 2035. PREVIOUS COUNCIL ACTION: Resolution 13612, passed by City Council on February 13, 2017, resolved to derive associated technologies by 2035. BACKGROUND: In 2017, then City Council members believed that because the City's electric franchisee planned to increase renewable energy generation to 65% by 2035, and the generation facility at Pueblo Dam, the goal of 100% renewable energy by 2035 was a renewable energy generation to 65% would save the City $47 million by 2040. However, the Pueblo's power generated by renewable energy sources through the installation of additional wind and solar power has not produced the promised savings of $47 million. FINANCIAL IMPLICATIONS: There are no immediate financial implications for the City. BOARD/COMMISSION RECOMMENDATION: None. STAKEHOLDER PROCESS: None. ALTERNATIVES: The City could continue to strive to obtain the goal of deriving 100% of all electricity from renewable sources. RECOMMENDATION: Approve the resolution. ATTACHMENTS: None