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HomeMy WebLinkAboutR09-111 1A Energy Smart Loan Program Declaring SupportCommissioner ~~ ~ ~k-`"i moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2009 - ~ < A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF EAGLE COUNTY, COLORADO, DECLARING SUPPORT FOR THE APPROVAL OF EAGLE COUNTY REFERENDUM lA "ENERGY SMART LOAN PROGRAM". WHEREAS, Eagle County, Colorado (the "County") is a Colorado county duly organized and operating under the Constitution and laws of the State of Colorado (the "State"); and WHEREAS, the members of the Board of County Commissioners of the County (the "Board") have been duly elected, chosen and qualified; and WHEREAS, Colorado House Bill 08-1350 (the "Act") declares that the development, production, and efficient use of renewable energy will advance the security, economic well-being, and public and environmental health of this state, as well as contributing to the energy independence of our nation; and WHEREAS, the Act declares that the inclusion of energy efficiency and renewable energy production projects for residential and commercial use in Local Improvement Districts ("Districts") will serve a valid public purpose; and, WHEREAS, the Act allows for Districts to issue bonds in order to provide to interested property owners within District loans attached to the property via a special tax assessment; and, WHEREAS, residents of a District who do not make use of these arrangements will not be assessed any additional taxes; and, WHEREAS, eligible improvements include upgrading insulation, replacing inefficient heating systems, upgrading lighting systems and fixtures, sealing air leakages, and installing solar electric, solar hot water and wind energy, among other measures; and WHEREAS, the benefits of the resulting Energy Smart Loan Program include the following: 1) Allowing repayment of the costs of the energy improvements through a voluntary special assessment on the property, keeping the financial obligation with the property and not the owner, creating longer amortization and payback pei°iods that make fiscal sense for property owners; and 2) Financing energy improvements at a fixed and low cost, allowing property owners to accurately calculate pay-back periods, resulting, in most cases, a net savings from day one; and 3) Helping property owners save on their utility bills by allowing them to install energy efficiency improvements at no up-front cost and without assumption of additional property-equity debt; and 4) Stimulating the local economy by creating jobs, and ensuring no increased taxes for non- participants. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF THE COUNT OF EAGLE, STATE OF COLORADO THAT: The Board supports Eagle County Referendum 1 A, "Energy Smart Loan Program." //REMAINDER OF PAGE INTENTIONALLY LEFT BLANK// This Resolution has been adopted this 27th day of October, 2009. COUNTY OF EAGLE, STATE OF COLORADO By and Through its BOARD OF COUNTY COMMISSIONERS ATTEST: o`' ~ ` cgs ~~ ~, e .-~~:d~ Clerk to the Board of County LORp°o Commissioners la, ti '• ~ ~ ~ ~C~IOvi ~- Y~ Sara J. Fisher Peter F. Runt' Commissioner V~`1 e^-' seconded adoption of the foregoing Resolution. The roll having been called, the vote was as follows: Commissioner Fisher ~ S ~-' ~ Commissioner Runyon '~ Commissioner Stavney ~+ `^ This Resolution passed by ~ vote of the Board of County Commissioners of the County of Eagle, State of Colorado. ~~wr.. - nfisur, tiunnu i a - a2aosa ~3 3