HomeMy WebLinkAbout2001-04-23 Ordinance 4693ORDINANCE NO. 4693
ORDINANCE OF. THE COUNCIL OF THE CITY OF PALO ALTO
AMENDING THE BUDGET FOR THE FISCAL YEAR 2000-01 TO
PROVIDE AN ADDITIONAL APPROPRIATION OF $3,500,000 FOR
ELECTRIC FUND PUBLIC BENEFIT PROGRAM OPERATING EXPENSE
WHEREAS, pursuant to the provisions of Section 12 of Article
III of the Charter of the City of Palo Alto, the Council on June 19,
2000 did adopt a budget for fiscal year 2000-01; and
WHEREAS, the current energy crisis in California has resulted
in higher wholesale costs for electricity and potentially steeper
retail increases for customers; and
WHEREAS, rolling blackouts are predicted for Palo Alto this
summer and the City of Palo Alto Utilities (CPAU) seeks to minimize
the magnitude and associated effects of rolling blackouts on the
conununity; and
WHEREAS, CPAU' created the Accelerated Energy Efficiency
Program (AEEP) to provide incentives for Palo Alto Residents and
business to deploy targeted, cost effective energy conservation
measures; and
WHEREAS, targeted energy efficiency programs to consumer and
business customers have been estimated to reduce local electric
demand by 5 megawatts before June 30, 2001; artd
WHEREAS, an estimated $3.5 million beyond the adjusted amount
budgeted is required for electric fund public benefit operating
expense in the current fiscal year; and
WHEREAS, City Council authorization is needed to amend the
2000-01 budget as hereinafter set forth.
NOW, THEREFORE, the Council of the City of Palo Alto does
ORDAIN as follows:
SECTION 1. The sum of Three Million Five Hundred Thousand
Dollars ($3,500,000) is hereby transferred from the Electric Fund
Supply Rate Stabilization Reserve and appropriated to the Public
Benefits Functional Area of the Electric Fund.
SECTION 2. As specified in Section 2.28.080(a) of the Palo
Alto Municipal Code, a two-thirds vote of the City Council is
required to adopt this ordinance.
SECTION 3. The Council of the City of Palo Alto hereby finds
that this is not a project under the California Environmental
Quality Act and, therefore, no environmental impact assessment is
necessary.
SECTION 4. As provided in Section ~.04.350 of the Palo Alto
Municipal Code, this ordinance shall become effective upon adoption.
INTRODUCED AND PASSED: April 23, 2001
AYES: Beecham, Burch, Eakins, Kleinberg, Lytle, Mossar, Ojakian ,
Wheeler
NOES:
ABSTENTIONS:
ABSENT: Fazzino
ATTEST:
~if'~ City Clerk
APPROVED AS TO FORM:
nus OOCUME,IIJT IS CERTIFIED TO BE AN
(!IUJINANCE DULV PASSED BYTHE COUNCIL
or. THE CI1'Y OF PALO ALTO AND
THEREAt-TER POSTEIt.!U1E)joUNC'L
CNAMS:::!?S ON • :i:1 0 (WITHIN 1:6
!JfWS OF ITS PASSAGE
", certify (or declare) under penalty
01 perjury that the foregoing is true
and correct."
APPROVED:
Ma~fL