HomeMy WebLinkAbout2021-09-07 Finance Committee Action MinutesFINANCE COMMITTEE
ACTION MINUTES
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Special Meeting
September 7, 2021
The Finance Committee of the City of Palo Alto met on this date in virtual
teleconference at 6:02 P.M.
Present: Burt, Cormack, Filseth (arrived at 6:09 p.m.)
Absent:
Agenda Items
1. Review and Forward a Recommendation that the City Council Adopt a
Resolution Approving the Verified Emission Reduction Agreement With
the Integrative Organization of Oaxaca Indigenous and Agricultural
Communities to Purchase 24,000 Tons CO2e for a Total Purchase Price
of $228,000.
MOTION: Vice Mayor Burt moved, seconded by Council Member Filseth to
recommend the City Council:
A. Adopt the Resolution approving the Verified Emission Reduction
Agreement (VER Agreement) with the Integrative Organization of
Oaxaca Indigenous and Agricultural Communities (ICICO), to
purchase 24,000 tons CO2e at $9.50 per ton CO2e for a total
purchase price of $228,000; and
B. Delegate to the City Manager, or his designee, the authority to
execute on behalf of the City the VER Agreement and confirmation
with ICICO.
MOTION FAILED/PASSED: 3-0
Adjournment: The meeting was adjourned at 6:22 P.M.