01/26/2010 - City Council Finance CommitteeAGENDA
FINANCE COMMITTEE MEETING
TUESDAY, JANUARY 26, 2010
12:45 P.M. - 1:45 P.M.
CONFERENCE ROOMS 2A &B
I. AGENDA ADOPTION
II. CIVIC ARENA GEOTHERMAL GRANT
III. OTHER BUSINESS
IV. ADJOURNMENT
Agenda Information Memo
January 26, 2010 Finance Committee Meeting
II. CIVIC ARENA GEOTHERMAL GRANT
ACTION TO BE CONSIDERED:
To provide direction to staff regarding financing options associated with the 50%
match requirement for the geothermal grant.
FACTS:
• At the January 12 City Council workshop, the City Council was updated on
the efforts underway for a ground source heat pump demonstration project
proposed at the Civic Arena.
• At that workshop, the Council was asked to provide direction as to how to
finance the required 50% match by the City. The item was directed to the
Finance Committee at that time.
• The committee is asked to discuss the public policy questions related to
the acceptance of the $1.338 million matching grant and the scope of the
work that could be involved with this project.
• A brief project overview, financial details, and specific public policy
considerations will be provided at the January 26 Finance Committee
meeting.
ATTACHMENTS: (None)