Item 16 Passedunofficial
In plain language — from the agenda backup
This resolution authorizes the City Manager to apply for two low-interest loans totaling up to $14,000,000 from the State of Texas LoanSTAR Revolving Loan Program to fund the Solar on City Facilities Project. Funding is contingent upon available money in future operating budgets. The move ties Austin's energy goals to a state financing program aimed at putting solar on city buildings.
The official agenda language
Approve a resolution authorizing the City Manager to apply for two low-interest loans for a total of up to $14,000,000 from the State of Texas, State Energy Conservation Office, LoanSTAR Revolving Loan Program for the Solar on City Facilities Project. Funding: contingent upon available funding in future operating budgets.
"Without objection, the consent agenda is adopted" — meeting transcript (unofficial)
What got said
- Jeff Dickerson urged a no vote, saying the $14M solar loan had no business case or payback analysis