ORDINANCE No. 176777

*  Accept a five-year agreement with The Climate Trust for $943,045 to reduce emissions of carbon dioxide. (Ordinance)

The City of Portland ordains:

Section 1. The Council finds:

1.  The City of Portland’s Local Action Plan on Global Warming (Resolution No. 35995) establishes a goal of reducing local emissions of greenhouse gases by 10 percent below 1990 levels by 2010, exceeding the seven percent reduction target identified for the United States in the Kyoto Protocol.

2.  The Sustainable City Principles direct City elected officials and staff to “use resources efficiently and reduce demand for natural resources, like energy. . .” and “act locally to reduce adverse global impacts of . . . ozone depletion and global warming, and support and implement innovative programs that maintain and promote Portland’s leadership as a sustainable city.”

3.  The Climate Trust, a Portland-based non-profit organization that promotes climate change solutions by providing high quality greenhouse gas offset projects, has funding available for projects that reduce emissions of carbon dioxide, a gas that traps heat and causes global warming.

4.  The Office of Sustainable Development has proposed a project that will improve the energy efficiency of multifamily properties and commercial buildings, simultaneously advancing City goals related to carbon dioxide emissions reductions, energy efficiency, and economic and community development.

5.  The Office of Sustainable Development has begun to provide services to property owners who may be eligible to participate in this program and has secured authorizations transferring ownership of expected carbon dioxide offsets to the City of Portland.

6.  No City match is required.

NOW, THEREFORE, the Council directs:

a.  The Mayor is authorized to execute a five-year agreement with The Climate Trust.

b.  The FY 2002-2003 Budget is hereby amended as follows:

Federal/State Grants Fund

 Resources:  Federal/State Grants          

     24433079.497000            $943,045

Requirements:  Transfer To Other Funds –

Cash – General  

     24433079.574302            $943,045

General Fund

 Resources:  Transfers From Other Funds –

     Cash – Federal/State Grants Fund

     30220035.417244            $943,045

 Requirements:  Office of Sustainable Development AU302/RU120

     Center Code 30220035

     Full-time    (511000)        $ 74,600

     Benefits    (517000)        $ 27,610

     Misc. Services    (529000)        $ 58,587

   Misc.      (549000)        $782,248

c.  The Director of the Office of Sustainable Development is authorized to execute documents transferring the ownership of the carbon dioxide credits arising from this agreement to The Climate Trust.

Section 2. The Council declares that an emergency exists because delay in receiving grant funds will cause delay in required programs; therefore, this Ordinance shall be in full force and effect from and after its passage by the Council.

Passed by the Council: JUL 31 2002

COMMISSIONER DAN SALTZMAN        Gary Blackmer

7/31/02, 2002              Auditor of the City of Portland

D Tooze/jy              BY /S/ Terry Reisz

                       Deputy

BACKING SHEET INFORMATION

AGENDA NO. 914-2002

ORDINANCE/RESOLUTION/COUNCIL DOCUMENT NO. 176777