TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Finance
Kelley Cochran
425-556-2748
DEPARTMENT STAFF:
Finance
Haritha Narra
Financial Planning Manager
TITLE:
title
Adoption of an Ordinance for the 2023-2024 Budget Adjustment #4
a. Ordinance No. 3164: An Ordinance of the City Council of the City of Redmond, Washington, Amending Ordinance Nos. 3110, 3129, 3130, and 3135 by Making Adjustments to the City's 2023-2024 Biennial Budget, in Exhibit 1
OVERVIEW STATEMENT:
recommendation
An Ordinance amending Ordinance No. 3110, 3129, 3130, and 3135 by adjusting the City's 2023-2024 Biennial Budget to recognize new and increased revenue sources, appropriate funds for projects and programs previously approved by Council, and make minor corrections identified throughout the biennium.
General Fund (100): $1,283,275
a) Solar Plus Energy Grant - $100,000
On January 14, 2024 (AM No. 24-003), Council approved a grant from the Department of Commerce to finance a feasibility study. The goal of this study is to provide insights into potential future solar and battery storage prospects at five City of Redmond facilities. It will encompass load profiles, resource scenarios, site configurations, economic evaluations, and suggestions for facilities most suitable for implementation. Utilizing solar energy in conjunction with battery storage represents a crucial sustainability tactic to enhance resilience, boost locally-generated clean energy, and alleviate strain on the utility grid.
b) Eastside Climate Partnership Interlocal Agreement - $23,609
On January 1, 2023 (AM No. 23-005), Council approved the Eastside Climate Partnership Interlocal Agreement (ILA), fostering structured cooperation and resource sharing for initiatives such as the Energy Smart Eastside Heat Pump program and future programs aligned with the Cities' collective climate and clean energy objectives. Cities involved in the Eastside Climate Partnership are Bellevue, K...
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