City of Cincinnati - File #: 202302403

• File #: 202302403
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 11/9/2023
• In control: Cincinnati City Council
• On agenda: 11/29/2023
• Final action: 11/29/2023
• ORD/RES# date: 11/29/2023
• ORD/RES#: 0399-2023
• Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 11/15/2023, AMENDING Ordinance No. 301-2018, which established Fund No. 883, "Revolving Energy Loan," to expand the purpose of the fund to enable the City to receive, disburse, and reinvest resources including federal Elective Pay resources, for permanent energy efficiency improvements, renewable energy, energy storage, clean vehicles and equipment, and other City projects intended to reduce carbon emissions; AUTHORIZING the transfer and return to source Fund 050, "General Fund," of $2,000,000 from capital improvement program project account no. 980x104x231029, "Green Cincinnati Sustainability Initiatives - GF"; and AUTHORIZING the transfer of $2,000,000 from the unappropriated surplus of Fund 050, "General Fund," to Fund 883, "Revolving Energy Loan," to provide resources for City projects that will be eligible for the Elective Pay benefit available through the Inflation Reduction Act.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
11/29/2023	1	Cincinnati City Council	Passed Emergency	Pass
11/29/2023	1	Cincinnati City Council	Emergency clause to remain	Pass
11/29/2023	1	Cincinnati City Council	Suspension of the three readings	Pass
11/27/2023	1	Budget and Finance Committee
11/15/2023	1	Cincinnati City Council	Referred to Budget & Finance Committee

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 11/15/2023, AMENDING Ordinance No. 301-2018, which established Fund No. 883, “Revolving Energy Loan,” to expand the purpose of the fund to enable the City to receive, disburse, and reinvest resources including federal Elective Pay resources, for permanent energy efficiency improvements, renewable energy, energy storage, clean vehicles and equipment, and other City projects intended to reduce carbon emissions; AUTHORIZING the transfer and return to source Fund 050, “General Fund,” of $2,000,000 from capital improvement program project account no. 980x104x231029, “Green Cincinnati Sustainability Initiatives - GF”; and AUTHORIZING the transfer of $2,000,000 from the unappropriated surplus of Fund 050, “General Fund,” to Fund 883, “Revolving Energy Loan,” to provide resources for City projects that will be eligible for the Elective Pay benefit available through the Inflation Reduction Act.

recommendation

PASS EMERGENCY