City Council member Monica Vernon, the City Council’s “steam team” chief, reports that the city’s Pat Ball, utilities director, and Mike Sable, a special assistant to the city manager, are helping to work up an approach to dispense $21 million in state funds to help those in the downtown steam network convert to their own systems.
ernon said the effort involves devising an “equitable” way to hand out the funds. She said a proposal may be coming in front of the council as soon as next week.
The money consists of $5 million in state I-JOBS funds and $16 million in money set aside by the Iowa Department of Economic Development.
The City Council brought absolute clarity to the lingering downtown steam issue two weeks ago when the council voted unanimously not to allow public funds to be used to rebuild Alliant Energy’s flood-destroyed Sixth Street Generating Plant as a coal plant.
There had been a push to find federal and state money to rebuild the Alliant plant –which provided low-cost steam power to the key industries Quaker and Cargill, the two hospitals, Coe College and the downtown and near downtown — as a coal plant. Alliant, a private entity, cannot directly receive public money, and so it would have had to be allocated to the City Council for use.
The council, though, concluded that burning coal and environmental issues associated with it represented the past, not the future. Council members said a new era of taxing emissions from coal plants will make mean that coal may not be as much of a bargain as some now think it is.