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4 - Climate Action Plan (CAP) Update CAP Update: Restructuring the CAP Implementation Plan: Xcel Energy Demand-Side Management Based on cost per ton analysis, the CAP recommended energy efficiency as the best strategy for reducing emissions. As a result, the majority of CAP resources are focused on programs in this area such as free or subsidized energy audits, technical assistance with implementing audit measures, development of a qualified network of contractors to complete the work, and assistance with applying for available rebates. The programs are similar to many utility demand side management (DSM) programs which support and encourage investment in energy efficiency. Energy efficiency programs of this scope and service levels have not been previously available in Boulder. On August 11`h, Xcel Energy filed their bieruiial DSM plans with the Public Utilities Commission (PUC), expanding programs for electricity customers and including programs for natural gas customers. This filing represents a new era in DSM for Colorado. Xce] will be investing over $28M in natural gas DSM programs in 2009-10. The plan still needs approval by the PUC, but Xcel is anticipating the programs to begin in January, 2009. Many of the proposed programs are duplicative of the current and future CAP efforts, such as free or subsidized energy audits, insulation rebates, Home Performance with Energy Star, and refrigerator recycling. Staff is currently evaluating the DSM plan and will propose the most effcicnt way to maximize participation by Boulder residents and businesses in the DSM programs. The implementation plan as it is currently written will be revised to incorporate Xcel's DSM plans. Additionally, staff will have the opportunity to analyze new program ideas, metric of success, and progress indicators to incorporate into the CAP. In 2007, the CAP team has taken advantage of matching grant programs through the Governor's Energy Office (GEO), such as insulation and solar thermal system rebates. With a new suite of Xcel DSM programs coming on line, staff will work closely with the GEO to incorporate programs offered state-wide through their office into the CAP. Residential Energy Conservation Ordinance (RECO) Staff is researching an energy efficiency code which would require certain standards of energy efficiency for existing homes in Boulder. Typically this is called a Residential Energy Conservation Ordinance (RECD) and is in place in cities such as Berkeley, San Francisco, and Burlington. Staff has hired a group of consultants to research a range of possibilities for implementing a RECO for existing homes in Boulder. The consultants are researching questions such as: • Should this code apply to al] housing or only rental units? • What trigger points could be reasonably used to enforce this code? • Should the city use both a prescriptive and a performance path`? The consultants will be returning a range of options for from least aggressive to most aggressive in relation to possible energy savings. They will also he providing suggestions on how to incorporate existing and new incentives as well as financing. Staff expects a report back mid-September and will then analyze the results and hold stakeholder meetings with the public. Financing -INCLUDE COUNCIL MEMO AND DELETE THIS SENTENCE Boulder, Boulder County, Longmont and Lafayette have been working together to develop a financing model for energy efficiency and renewable energy projects on private property. The Boulder County Board of Commissioners (BOCC) intends to place a measure if the November, 2008 ballot for voter approval to create a Local Improvement District (LID) and issue bonds for the purpose of encouraging and financing energy efficiency improvements and renewable energy systems on private property. Phis issue is going before Boulder City Council on September 2, 2008. The memo is included in this EAB packet. GREENHOUSE GAS INVENTORY The most recent inventory was updated to reflect 2007 data using the Inventory Maintenance System that was developed for the city by a consulting firm named Econergy. The primary data sources are community electricity and natural gas consumption from Xcel Energy, CU operations and generation, annual vehicle miles traveled within city limits from the city's Transportation Division, tons of garbage sent to the landfill, and offsets from the purchase of renewable energy, such as wind power and biodiesel. The system translates these inputs into GHG emissions by sector and by fuel source. Overall, the city's energy use resulted in the release of 1,976,476 mtC02. The pie-chart below shows the G1-IG emissions per source of energy and indicates that the vast majority of the city's emissions are a result of electricity use. GHG Inventory Breakdown by Energy Landfill Gas Vehicle Fuel 3% 21 Natural Gas Electricity - 60% 16% According to Xcel's 2007 annual report to Boulder, total electricity consumption increased by 2.1 % in 2007. Possible, but not proven, reasons for the increase arc increases in air conditioning from additional systems and longer use, increases in plug loads, and new constnzetion of homes and commercial space including the 29`'' Street Mall. The 2007 increase was also impacted by a 13% increase in natural gas use. Additionally, due to a negotiation with Xcel Energy, the city only received half of the credits from the energy produced from its hydro facilities. Transportation emissions peaked in 2002 and have since fluctuated below this level. 2007 emissions decreased by almost 3% from 2006. Overall, it appears that efforts to reduce vehicle miles traveled and encourage the use of alternatively fueled vehicles is helping reduce to emissions in this sector. The community must reduce annual GHG emissions by 495,369 metric tons from 2007 levels by 2012 in order to meet the goals of the CAY. This represents a 25% decrease from 2007 levels. Commercial buildings and industrial facilities continue to be the largest source of emissions at 59% of the total. This year, the commercial, industrial and the CtJ sectors were grouped into one category after it was discovered that Xcel had previously changed sector classifications for various Boulder businesses and CU. This put into question the accuracy of individual emissions each of the three sectors. Combining the sectors creates consistency for future year to year comparisons. In 2006, the total for the combined sectors was also 59%. `The chart below shows the 2007 emissions breakdown by sector. GHG Inventory Breakdown by Sector Solid Waste 3% Transportation 21 % l Residential 17% ~ \ I I I i Commercial and Industrial 59% crrY or Bt)tiI.D1N:12 CI"1'1' COUiv(:li, :~C;I?\D:1 I'1'I:Iti1 1~IF,li;~17\G D41"I'I?: Septemhcr 2, ?008 'I At~r:i\DA 'I'I"I'I,E: Consideration of a motion to adopt a resolution supportin 13ouldCr Count}'s 2005 f3allut Measure l A, ttlst, known as the "I3oultlet• County Clean Ftaergy~ ~ Options Local Itnpro~~cment ll}s#t•ic#" PI21:S1F;\"1'k:lZ.: Stephanie Grainger, Interim City Manager Paul ~etherston, Deputy City ~•fanager Bob Licltem, acting Deputy City ~9ana~er and Finance r)irector RUM MCI leyscr, Actin'. 1'lannln~ L~irc;ctor .Jonathan Koehn, Office ul•l~nvironmentat :Affairs 1~tanager Sarah ~~an.Pelt, T_nvironntental Sustainahility Coordinator EXEC"l;'I'I~'I S~~iyI~IARY: "The Rcnlicier I3aard of County Cumntis~ioriCrs (I3O('C') intends to place ~t ntcasure on Ih~ '~ovembcr, 2008 ballot for voter approval to create a Local lmprovcrncttt UisU~ict (l,ll)) turd issue bonds for the purpose of encouragin~~ at~d financing cner~y efficiency improvetncnts and rc;newahlc cnr.r~y systems on private property. ~I'ltc enablin, legislation for this type of program lvas pasSCd by the state at the 2005 legislative session. 'fhe~LID would be managed by Boulder County. On ;august 2(10$, the BOC'C requested City Council (.1.ttacl~ment Q) to consider a Resolution, included as Attac}~ment A, in support of the 2008 Boulder County batiot ntEasurc desi4nated as iV}easure I A. Previous city councils have passed resolutions in support of various couxtty- ballot issues. CO'11NIUhITI' SUSTAI\'.~~BIL.1"I'Y :~SSESS1~I:ta~t'['S .~~ll Ii~IYAC'['S: 1+:conomir: The relatively high initial cost of•energy efftcicncy and renewable energy improvements can be a signilicattt barrier to investment. Ofl'cring below-market financing for energy efficiency and solar systems in residential and commercial buildings may provide the incentive to increase the number of propct-ties where investments arc made. Reducing or stabilizing energy cults supports the city's economic vitality goals by lowering the Cost of living; in or doing business in E3oulder. Environmental: 'The city, through its Cltmatc Action Alan (C.':1['), strongly supports energy efficiency and use of renewable energy as these <.tclions cost-effectively reduce the city's .AC;~:NllA ITE~'Irl 3~ Page } ~~reenhouse gas eruissiorts aril other enviranntental impacts. l.ow-interest financing removes a key barrier to achieving C.~~N objectives. Social: Long teen, low-interest loans attached to properties rath~.r than individuals will address economic harriers to cner~~y e#licirucy and renewable energy invcstmatt. EZentovin~r barriers to improve energy efficiency helps residents stabilize volatile utility costs thereby bcneliting the most vuhterable populations OTl t l? R l Ili Y:1 C'"1'S: 1+'iscal: I hrs resolution in support o! Boulder County I :1 does not commit the cif}~ linancially to any new capital or operating costs. 1f the ballot issue passes, all administrative responsibilities will be managed by Boulder County. T}tcir administrative costs would be recovered throt?gh interest paid on loans issued to participating property owners. 13():~RD :'1Ni) C();~11IISS1()'~ I~I~;I~;U13AC.K: l lte )?nvironmcntal :~clvisory Board and C'al' advisory Group have rcceiveti regular updates on this proicct and memhr:rs have cxprusscd thctr Strom, support for the initiative. I't.iBLl(' 1~ h:E:~B.AC'K: ~ionc received to date. The public will have the opportunity to vote on the courtly ballot measure on .~ovcrtlber 2UOS. .~VALYSlS: House Hill U8-1 >>0 creates state law authority (or counties and other local gover~nncnts to provide below rnarkct financing and favorable repayment terms and rrtcthodologics to enable residents and business owners let install renewable cucrgy systcnts and/or improved energy eflicicncy capital improvcmcnts on their propei~tizs. The passage o.f the ballot ntcasurc would allow for the implcntcntation of a pra~~ram similar to the "l3crklcy financutg modcl'~ that was discussed at the City Council retreat in .lanua.ry of 2UG8. Cite staff has bceu ~ti~orking closely with Rouldc;r County to take advantage of HB 1350, On I~ioventber E30C'C' intends to ask voters to approve creation of a (.ln to issue bonds that would allow financing of rcnc~vable energy and energy e.1~#i.ciency improvcmcnts to residential and conunercial private properties within the c5sttict. Efthe measure is approved, )vw-interest financing may adclrc;ss several harriers to achieving greenhouse gas emissions (CiI}(_i) reductions. Property owners would have the option of appiyittg for a loan front the pro~~ram. Repaymcrtt could be made over a period of years through an assessrttent on their indivtduul property tax bill. Property owners that do not choose to participate in the program are not contr~titted to any acldihonal costs, and would not incur any additional assessment on their property tax bill. The C'lintatc action }'tan calls Cor significant energy e#1lcicncy imprctvetnents aniJ increased use ofr~tte~wable energy in existing buildings to meet the. cit}''s <il IG reduction goals. The high .~1(~I•;ND;1 1TFb1# _ Pa~c 2 initial cost ft~r renewable energy systems and energy efficiency improvements is a common barrier io making ittvestTlterTts that T~educe ernissiolls. The availability of below market financing throe<_~11 the Boulder County Clean L:ncr~~y Options Lacal hnprovement District could be an 1I11pO("taTtl Il)OI l0 C0111p)ca2lent 1)Otetlil~l energy efficiency rcquirenlents for existin4; buildings. NExT sTI~;I~s: Council is asked to approve the praposcd Resolution (_Attachment A) in support of Boulder County Issue lA, the Botrlcier County Clean Energy Options Inlpravenlent District. C'otuleil ~~-i11 be asked to discuss the inclusion of Cioulder properties in the L.iD, and the city's financial contribution to the ln'ograin in Agenda item 3U. ApprUVed By: ~tephanTe A. (,raTr~ger, lnicrilll C'it_y Manager ,aT"I'.ACI-TiV'IENTS: fl,ttachment Resolution in suppo?-t of Boulder County lssuc lA Attachment B: Letter from Boulder County Board of Commissioners A(,F.1'DA ITElV9# 3.C Pale 3 • ATTAC1iMENT A RZi:SOLUTION NO. A RESOLCTIUN OF THE CITY COUNCIL OF T)EIE CITY OF BOULDER, COLORADO, IN SUPPORT OF BOULDER COUNTY'S BALLOT ISSUE lA: BOULDER COUNTY CLEAN ENERGY OPTIONS LID DEB1' AND MULTLPLE FISCAL YEAR FINANCIAL OBLIGATION AUTHORIZATION AND IN SUPPORT OF THE COUNTY'S EFFORTS TO ESTABLISH THE BOULDER COUNTY CLEAN ENERGY OPTIONS LOCAL IMPROVEMENT DISTRICT. WHEREAS, pursuant to Part 6 of Article 20 of Title 30, Colorado Revised Statutes, as amended (the "Act"),Boulder County is authorized to initiate a local improvement district for the purpose of encouraging, accommodating, and financing Renewable Energy Improvements and Energy EfFciency Improvements (REIEEI) (both as defined in the Act); and WHEREAS, Boulder County desires to encourage, accommodate and provide financing for Renewable Energy Improvements and Energy Efficiency Improvements ("REJEEI") in the County (the "Project") and accordingly expects to initiate a local improvement district to be known as Boulder County Clean Energy Options Local Improvement District (the "District") pursuant to the Act for the purpose of accomplishing the Project, including paying all costs necessary and incidental thereto; and WHEREAS, City Council finds as follows: 1. Coal and natural gas are the principal sources of generation of commercial quantities of electric energy for the power grid in the western United States, and home and business consumption accounts for 73% of the overall usage of electric energy; and 2. Although new building codes can impact energy usage in new structures, there is a vast quantity of existing structures with many years of'remaining life before replacement, and these structures at-e not very energy efficient by today's standards, nor do they have renewable ener. gy systems installed to provide some or all of their electric energy needs; and 3- If the United States is serious about moving away from fossil fuels in order to limit the greenhouse gas effect leading to global warming; the existing occupied building stock must be retrofitted with energy efficiency materials and modalities, and significant progress towards provision of alternative electric energy fbr use in these structures must take place very soon; and AGENDA ITEM PAGB Solving this problem will require creative ways of financing that will provide incentives for property owners to welt to install RE/EEI now rather than later; and S. Existing homeowners, and to a certain extent business property owners, may he highly leveraged on their properties currently. Even if there is equity available to further pledge for financing for RE/EEI, a decluiing- value housing market might discourage property owners from financing such projects for fear of being unable to realize Buff dent resale value for these improvements. Since the average homeo~mer moves every 7-9 years, and the expected life of these improvements is 20 - 25 years, and the energy savings paybacks for at least some of these improvements will take around 20 - 25 yeat•s, these property owners are unlikely to undertake home equity fnancing that extends from 20 to 30 years; and 6. Boulder County, the city, and other local governments in Colorado and elsewhere have attempted to be creative in finding ways to make incentives for financing these improvements available now, and have created legal mechanisms, via Colorado House Bill 08-1350, that allow solar, wind, and other renewable energy and energy efficiency improvements to be financed by]ocal goverrunents with a repayment over 20 years through special assessments collected via the property tax collection system. The responsibility far repayment remains with the property, so that the property owner is not burdened to recover the cost of such improvements in any resale price. The payment responsibility remains with subsequent property owners who will benefit from the annual energy costs savings; and Boulder County, pursuant to House Bil] 08-1350, will be able to offer; in part, below-market-rate financing through the creation of funding via issuance ofdouble-tax-exempt bonds. WFIEIZEAS, City Council finds that the issuance of~ bonds and the creation of the Boulder County Clean Energy Options Local Improvement District is in the best intezests of the residents and property owners of the city. NUV~%, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BOULDER: Section 1. The City Council hereby supports BOULDER COUNTY'S BALLOT ISSU)_'s lA: Boulder County Clean Energy Options LID Debt and Multiple Fiscal Year Financial Obligation Authorization, submitted for voter approval in the 2008 general election. Section 2. The City Council hereby supports the creation of the Boulder County Clean Energy Options Local Improvement District. AGENDA ITEM # PACE # S Section 3. The city shall take such other steps or actions reasonably required to carry out the terms and intent of this Resolution. RESOLVED AND PASSED this Clay of , 2UU8. Mayor ATTEST: City Clerk on behalf of the Director of Finance and Record Approved as to Form AGENDA ITEM # ~ PACE