Tuesday’s city council session, the second of the new fiscal year, will feature a hearing regarding the Tax Equity and Fiscal Responsibility Act (TEFRA) and a separate item giving City Manager Debra Figone the ability to accept a federal grant for public safety.
The TEFRA hearing will help determine if up to $24 million in tax-exempt bonds should be issued to finance and refinance certain renewable energy facilities in the City of San José. A portion of the bonds to be issued by the California Municipal Finance Authority would go toward the acquisition, construction and improvement of renewable energy facilities that include the San Jose/Santa Clara Water Pollution Control Plant.
UTS BioEnergy would be responsible for parts of the project. The company engages in biogas production and conversion to electricity and heat through silage, sludge, manure, food waste, green municipal wastes.
The council is also expected to grant the city manager authority to form an agreement between San Jose and the city and county of San Francisco that will make the latter the acting fiscal agent of a Bay Area Urban Areas Security Initiative. The initiative would be worth $1,234,000 total; San Jose’s police would receive $1,030,400, while firefighters would get $203,600.
The grant is designed to help public safety respond to and recover from potential terrorism incidents and other hazards through a regional collaboration of local jurisdictions around the San Francisco Bay.
Correction: The original posting of this article said that the city and the California Municipal Finance Authority would be issuing bonds to finance and refinance renewable energy facility improvements. The bonds would be issued by only the California Municipal Finance Authority. Also, the anti-terrorism federal grant will make the city and county of San Francisco the acting fiscal agent.