HomeMy WebLinkAbout~Master - Resolution establishing an energy upgrade program and authorizing staff to submit a federal loan application for the USDA Rural Energy Savings Program in the amount up to $15,000,000RESOLUTION NO. 25-460
RESOLUTION ESTABLISHING AN ENERGY UPGRADE PROGRAM AND
AUTHORIZING STAFF TO SUBMIT A FEDERAL LOAN APPLICATION
FOR THE USDA RURAL ENERGY SAVINGS PROGRAM
FOR THE CITY OF AMES, IOWA
WHEREAS, the City of Ames has developed the SmartSave program for the rural
areas in our service territory intended to be funded with the proceeds from the United
States Department of Agriculture’s Rural Energy Savings Program; and,
WHEREAS, the City of Ames will offer tariffed on -bill financing to eligible
customers for qualified energy efficiency and renewable energy projects; and,
WHEREAS, the City of Ames has developed a comprehensive implementation
work plan and financial forecast for the SmartSave program; and,
WHEREAS, the City of Ames has developed a comprehensive measurement and
verification program in connection with the SmartSave program; and,
WHEREAS, the financial forecast, the implementation work plan and the
measurement and verification program, and related documents will be considered by the
Rural Utilities Service, an agency of the United States Department of Agriculture, in
making a determination to make a financially feasible and adequately secure loan to City
of Ames; and,
WHEREAS, the City of Ames intends to submit a loan application under the Rural
Energy Savings Program Loan as prescribed in the Notice of Solicitation for Applications
(NOSA) published in the Federal Register, Vol. 81, No. 119 on June 21, 2016; and,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames,
Iowa, that establishing an energy upgrade program and authorizing staff to submit a
federal loan application for the USDA Rural Energy Savings Program in the amount up to
$15,000,000 is hereby approved, including the implementation work plan, the financial
forecast and related documents in connection to the SmartSave program ; and,
BE IT ALSO RESOLVED, that the City of Ames’s officers, managers, and staff are
authorized to carry out all necessary actions –including but not limited to the executing
and attesting all necessary documentation- in connection with the loan application to
participate in the Rural Energy Savings Program as provided in the NOSA; and,
BE IT FURTHER RESOLVED, that the loan shall bear a maturity date to cover an
approximate period of 20 years.
ADOPTED THIS 9th day of September, 2025.
_______________________________ _________________________________
Renee Hall, City Clerk John A. Haila, Mayor
Introduced by: Betcher
Seconded by: Rollins
Voting aye: Beatty-Hansen, Betcher, Corrieri, Junck, Rollins
Voting nay: Gartin Absent: None
Resolution declared adopted and signed by the Mayor this 9th day of September, 2025.