Fiscal Note
The proposed resolution amends the adopted 2019 capital budget for Fleet Service by accepting the grant award from the Wisconsin PSC Energy Innovation Grant Program in the amount of $129,300 of state funding and $10,000 of private contribution funding from MG&E to assist in the purchase of 20 electric vehicles. The grant award will be assigned to Fleet Service's capital program for Fleet Equipment Replacement (MUNIS 17060), adding to the $7.3 million of GO Borrowing budget authority adopted in 2019.
MUNIS:
12528-41-150 - $139,300
12528-41-601 - $(10,000)
12528-41-220 - $(129,300)
Title
Approving the City of Madison’s application to the Wisconsin Public Service Commission’s (PSC) Energy Innovation Grant Program to help purchase 20 plug-in electric vehicles for the City Fleet; indemnifying the State of Wisconsin; authorizing the Mayor and City Clerk to execute the associated grant agreement with the PSC; and, accepting the grant award and amending the 2019 adopted capital budget to add $129,300 of state funding and $10,000 of private contribution funds to the budget of the Fleet Services Division.
Body
WHEREAS the Wisconsin Public Service Commission recently awarded the City of Madison’s Fleet Services Division a grant in the amount of $129,300 to cover the incremental costs of purchasing 20 full plug-in electric vehicles (EVs) to replace municipal fleet sedans aging out of service; and,
WHEREAS Madison Gas & Electric (MGE), a partner to the City’s application, has contributed $10,000 in matching funds to cover the cost of Level 2 chargers to fuel the City EVs; and,
WHEREAS the purchase of 20 EVs for the City Fleet will:
· Save $174,000 in fuel and $130,000 in maintenance costs over the 10-year EV service life;
· Advance transition of Madison’s fleet to renewable fuels;
· Accelerate community-wide EV market penetration by
o Providing an example to other fleet operators, businesses and residents
o Contributing to the area charging infrastructure...
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