City staff recommends municipalization
Last Updated: 17:39 March 28, 2012
BOULDER - The city of Boulder's staff announced Friday it will recommend City Council and Boulder residents support a plan to create a municipal power utility and back a tax increase that would pay for further engineering studies and legal expenses.
City Manager Jane S. Brautigam said in a statement the support of voters would allow the city to continue studying the costs of taking over the grid from Xcel Energy Inc. either through a negotiated acquisition or through condemnation proceedings.
The vote would not obligate City Council to give final approval to the plan if it proves too costly, she said.
"There are off-ramps in place that allow the city to move forward with its eyes wide open," Brautigam said. "Our community has spelled out both its goals and its expectations. City staff and elected officials take the responsibility of balancing these very seriously."
Staff also will recommend the Climate Action Plan tax be extended and increased.
"It is estimated that the city would need about $1 million a year for three to five years before a final determination could be made about whether to issue bonds to buy Xcel's system. This funding mechanism would allow the city to continue this process without impacting existing programs and services," the statement said.
The recommendations are scheduled to be discussed before City Council at its meeting at 5 p.m. Tuesday, July 19.
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