City Council - May 27, 2024 - Minutes - City of Richmond, BC

7 . MUNICIPAL TOP-UPS FOR HEAT PUMP RETROFITS IN EXISTING GROUND-ORIENTED RESIDENTIAL HOMES (File Ref. No. 10-6000-01) (REDMS No. 7611425) ( 1 ) That the report titled “Municipal Top-Ups for Heat Pump Retrofits in Existing Ground-Oriented Residential Homes” from the Director, Sustainability and District Energy, dated May 6, 2024, be endorsed; ( 2 ) That the City enter into a Municipal Contribution Agreement with the Province of BC and BC Hydro to offer top-up incentives for heat pump and electrical service upgrades for ground-oriented residential homes in Richmond, and the General Manager, Engineering and Public Works/Deputy Chief Administrative Officer or Chief Administrative Officer be authorized to execute the agreement; and ( 3 ) That the Consolidated 5 Year Financial Plan (2024-2028) be amended accordingly. ADOPTED ON CONSENT

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