HomeMy WebLinkAbout2016-04-11 16-150 ORDERCOUNCIL ACTION
Item No. 16-150
Date: April 11, 2016
Item/Subject: Order, Authorizing the Transfer of $140,000 in FY 2016 Savings to Fund a
Bangor Efficiency Pilot Program
Responsible Department: Finance
Commentary: Over the past few months, the Finance Committee has been reviewing a potential
program to provide incentives to homeowners to invest in energy efficient measures. To increase
participation in homeowner energy efficiency, thus achieving three goals: 1) help Bangor residents
lower their winter heating bills; 2) modernize Bangor's old housing stock thus making Bangor a more
attractive place to live; 3) help decrease Bangor's carbon footprint in the face of global warming.
On March 21'�, the Finance Committee reviewed the program to create an incentive to save
homeowners money and modernize our housing stock, by piggyback onto existing programs
offered through Efficiency Maine. This would lower administrative costs and allow for Bangor
homeowners to receive even greater incentives for energy efficiency programs and provide
access to unsecured loans.
The attached order would authorize the Finance Director to transfer FY 2016 in the amount of
$140,000 to a non lapsing account to fund the Bangor Efficiency Pilot Program.
This was reviewed and recommended for approval by the Finance Committee on April 4, 2016.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
Passage
First Reading
Referral
Department Head
d�- -
City Manager
Page _of_
Finance Director
City Solicitor
Assigned to Councilor Perry
CITY OF BANGOR
16-150
APRIL 11, 2016
(TrTL.E.) Order, Authoring the Transfer of $140,000 in FY 2016 Savings to Fund a Bangor
Efficiency Pilot Program
By the City Council of the City of Bangor.
ORDERED, THAT the Finance Director is hereby authorized to transfer $140,000 in General
Fund savings realized during FY 2016 due to lower costs associated with the mild winter, which
may include some savings from lower than anticipated fuel costs.
IN CITY COUNCIL
APRIL 11, 2016
MOTION MADE AND SECONDED FOR PASSAGE
PASSED
CITY CL RK