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HomeMy WebLinkAbout2024-02-27; City Council; Resolution 2024-035RESOLUTION NO. 2024-035 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, AUTHORIZING THE CITY MANAGER OR DESIGNEE TO TRACK, MANAGE, BANK AND SELL LOW CARBON FUEL STANDARD CREDITS IN ACCORDANCE WITH THE REGULATIONS SET BY THE CALIFORNIA AIR RESOURCES BOARD WHEREAS, the City Council of the City of Carlsbad, California has determined that it is in the best interest of the city to track, manage, bank and sell low carbon fuel standard credits generated by city-owned electric vehicle, or EV, charging stations; and WHEREAS, funds generated through the California Air Resources Board's Low Carbon Fuel Standard Program can be used to fund future sustainability projects; and WHEREAS, currently, low carbon fuel standard credits are being tracked, managed, ban ked and sold by the city's EV vendor, ChargePoint; and WHEREAS, Paragraph 7 in section 95491(d)(3)(A) of the CARB's low carbon fuel standard regulation requires the use of the electricity credit proceeds resulting from a specific category or sector of electric transportation be invested in transportation electrification projects in the same category or sector; and WHEREAS, the responsibility for tracking, managing, banking and selling low carbon fuel standard credits with the California Air Resources Board would be transferred from ChargePoint to the city. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as follows: 1. That the above recitations are true and correct. 2. That the City Council authorizes and directs the City Manager or designee to track, manage, bank and sell low carbon fuel standard credits in accordance with the regulations established by the California Air Resources Board. PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council ofthe City of Carlsbad on the 27th day of Februarv, 2024, by the following vote, to wit: AYES: NAYS: BLACKBURN, BHAT-PATEL, ACOSTA, BURKHOLDER, LUNA NONE. ABSTAIN: NONE. ABSENT: NONE. l KEITH BLACKBURN, Mayor SHERRY FREISINGER, City Clerk {SEAL)