Item Coversheet

18.

CITY OF STUART, FLORIDA
AGENDA ITEM REQUEST
CITY COMMISSION

Meeting Date:  12/10/2018 

Prepared by:  Steve Nicolosi

Title of Item:

RESOLUTION No. 118-2018;  A  RESOLUTION OF THE CITY OF STUART, FLORIDA ALLOCATING $100,000 IN BUILDING PERMIT FEE PROCEEDS TO THE CITY’S ENERGY EFFCIENCY REBATE PROGRAM; PROVIDING FOR AN EFFECTIVE DATE AND FOR OTHER PURPOSES. (RC)

 


Summary Explanation/Background Information on Agenda Request:

With pay-outs to date totaling $609,568.00 the City’s rebate program for energy efficient windows, doors, A/C units, tankless gas water heaters, etc., the Energy Efficiency Rebate Program (first launched in 2014,) has enjoyed significant and measurable success. Over 800 rebates have been issued directly to over 1000 homeowners and interest in the program remains strong. Accordingly, staff is seeking Commission approval to extend the life of the program by allocating an additional $100,000 for qualifying rebates.  As in the past, these monies will be derived exclusively from building permit (BP) fees and not the general fund. The BP fund’s current balance is $1,327,000.  Approving an additional $100,000 for energy rebates is in keeping with the Commission’s practice of maintaining an adequate BP fund balance.  




Funding Source:

Building Permit Fund

Recommended Action:

Move to approve Resolution No. 118-2018.

 

ATTACHMENTS:
DescriptionUpload DateType
Resolution No. 118-201811/9/2018Cover Memo
Rebate Program Enabling Resolution11/9/2018Cover Memo