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HomeMy WebLinkAbout2026-008 - Resolution 0 RESOLUTION NO.2026-008 A RESOLUTION OF THE CITY COUNCIL OF.THE CITY OF,RANCHO CUCAMONGA, STATE OF CALIFORNIA, APPROVING THE RECEIPT OF A ONE-TIME TRANSFER OF FUNDS FROM THE CLEAN FUEL REWARD (CFR) PROGRAM TO SUPPORT TRANSPORTATION ELECTRIFICATION EFFORTS WHEREAS, the City of Rancho Cucamonga is a general law municipality; and WHEREAS, the City of Rancho Cucamonga owns and operates a retail electrical distribution utility which serves load to end-use customers in an assigned area of service in the energy system; and WHEREAS, Southern California Edison, acting as the Administrator and Fiduciary of the statewide CFR Program has identified Rancho Cucamonga Municipal Utility as eligible to receive a onetime transfer of funds pursuant to Section 95483 (c)(1)(A)(6) of the 2025 California Code of Regulations; and WHEREAS, the CFR funds originated from deposits made by Large Electric Distribution Utilities from the sale of non-opt-in Low Carbon Fuel Standard (LCFS) credits that were allocated to the CFR Program for credits beginning in the 2nd quarter of 2019 and ending in the 2nd quarter of 2024; and WHEREAS,the City of Rancho Cucamonga is currently an active participant in the CFR Program, and was an active participant in the CFR Program during 2nd quarter of 2019 and ending in the second quarter of 2024; and WHEREAS, the City of Rancho Cucamonga desires to receive a one-time transfer of funds from the CFR Program in order to support transportation electrification efforts to be spent in accordance with the requirements of sections 95491(e)(5)and 95483(c)(1)(A) of the California Code of Regulations, Title 17. NOW, THEREFORE THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, HEREBY RESOLVES: SECTION 1.The City Council adopts Resolution 2026-008 approving the one-time transfer of funds from the CFR Program as a secure transfer of approximately $883,333 to F706CC304SC1409 (Utility Public Benefit-Contract Services) to be spent in accordance with the requirements of sections 95491(e)(5) and 95483(c)(1)(A) of the 2025 LCFS Regulation (California Code of Regulations, Title 17); and SECTION 2. The City Council authorizes the City Manager, or designee, to make necessary budget adjustments, appropriations, and transfers related to this resolution; and SECTION 3. The City Clerk shall certify to the adoption of this resolution. Resolution No. 2026-008— Page 1 of 2 PASSED, APPROVED, and ADOPTED this 21 It day of January, 2026. V L. ennis Michael, Mayor ATTEST: 406 4ate Kim Sevy, erk STATE OF CALIFORNIA ) COUNTY OF SAN BERNARDINO ) ss CITY OF RANCHO CUCAMONGA ) I, Kim Sevy, City Clerk of the City of.Rancho Cucamonga, do hereby certify that the foregoing Resolution was duly passed, approved, and adopted by the City Council of the City of Rancho Cucamonga, at a Regular Meeting of said Council held on the 211 day of January, 2026. AYES: Hutchison, Kennedy, Michael, Scott, Stickler NOES: None ABSENT: None ABSTAINED: None Executed this 22"d day of January, 2026, at Rancho Cucamonga, California. himS�ev�y, City erk Resolution No. 2026-008— Page 2 of 2