HomeMy WebLinkAboutReso 2019-020 - Sale of Carbon Allowances RESOLUTION NO. 2019-020
A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE
67`h AMENDMENT TO CITY BUDGET RESOLUTION NO.2017-057 APPROPRIATING
$5,900,000 IN PROCEEDS FROM THE SALE OF CARBON ALLOWANCES FOR THE
FOLLOWING PROGRAM AREAS: (1) WILDFIRE MITIGATION AND (2) BUILDING
ELECTRIFICATION FOR FISCAL YEAR 2018-19
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDDING
THAT Budget Resolution No. 2017-057 be and is hereby amended as follows:
FUND DIVISION DESCRIPTION INCREASE DECREASE
142 854 Wildfire Mitigation $1,900,000
142 854 Building Electrification $4,000,000
THAT account titles and numbers requiring adjustments by this Resolution are as follows:
USE SOURCE
OF FUNDS OF FUNDS
Increase Revenue
142-851-1-4400-01 Environmental Attributes $ 2,944,920
142-851-1-0001-01 Beginning Balance $ 2,955,080
Increase Expenditures
142-854-8908-98 Building Electrification $ 4,000,000
142-854-8908-99 Wildfire Mitigation $ 1,900,000 Q.)
Total $ 5,900,000 $ 5,900,000
THAT the purpose is to appropriate $5,900,000 in proceeds from the sale of carbon allowances (>
for the following programs: (1) Wildfire Mitigation and (2) Building Electrification for fiscal
year 2018-19. c
I HEREBY CERTIFY that the foregoing resolution was introduced at a regular meeting of the
City Council of the City of Redding on the 19th day of March, 2019, and was duly adopted at
said meeting by the following vote:
AYES: COUNCIL MEMBERS: Dacquisto,McElvain,Resner, Schreder,& Winter
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
_ A AL
JUL WINTER, Mayor
ATTEST: FO \ APPROVAL:
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rL'S AMELA MIZE, City lerk BARR' E.1 eWALT, City Attorney