EQC Meeting Date: October 20, 2021
To: Members of the Environmental Quality Commission
From: Beth Kallestad, Program Coordinator
Title
Carbon Reduction Fund Update.
Body
Action Requested:
The EQC receives an update on the Carbon Reduction Fund budget and programming for 2022.
Summary Report:
The following is being provided to the EQC for their information and feedback before final budget for the Carbon Reduction Fund for 2022 is determined. The City of Northfield has created a fund, called the Carbon Reduction Fund (CRF), from a portion of the income (up to $100,000/year) from Xcel Energy Franchise Fees, to be used for expenses related to implementing the Climate Action Plan. The past few years the City has also budgeted $20,000 per year for CAP implementation through the Administration Department budget. This funding will now be included in the CRF budget. Staff anticipate being able to apply for some funds in November 2021 from the McKnight Foundation to offset consultant expenses for some projects. It is uncertain at this time if that grant will be funded. Franchise fee income has been coming in over 2021 and staff have been developing some programming to begin in 2022. Attached is a budget reflecting proposed income and expenses.
The Northfield City Council adopted a policy to guide staff on use of the funds and programming on September 7, 2021. A copy of the policy is attached.
Program expenses for 2022 are planned to include:
* Residential and commercial rebates for energy efficiency with the proposal that they will go through the HRA and EDA respectively. These programs are modeled after similar programs in St. Louis Park. Draft summaries of each program are attached as well as an example flyer from St. Louis Park. Staff have discussed and reviewed this and will be sharing with HRA and EDA in November for their final approval. As these are new programs, it is unknown what level of interest there will be from the community. They will...
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