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Commissioner Frethem stated there would need to be negotiations between public entities and <br />the developer on who pays the capital costs. Mr. Ahern reported this was the case, noting there <br />was value to having this type of system in place to the entire development. <br /> <br />Commissioner Frethem commented between scenarios 1 and 2, what does that do to the cost <br />for single family homes that are part of the district wide energy. She questioned if prices would <br />rise for the homes if included in the energy system. Mr. Johnson stated this could have an <br />impact on home prices. <br /> <br />Commissioner Frethem discussed how homeowners may pay more up front for their home, but <br />over time, the thermal costs would go down because of the energy system that was in place. <br />Mr. Johnson commented on how the tepid water loop would have a meter along with a meter <br />for the home itself. <br /> <br />Commissioner Frethem looked forward to learning more after discussions are held with the <br />developer. She indicated she did not want the energy solutions to make the residential homes <br />cost prohibitive. <br /> <br />Commissioner Monson commented on the energy discussions that have been held to date by <br />the EAC. She explained the EAC was trying to remove natural gas for cooling and heating. She <br />stated if the development were to be entirely electric people would still have to heat and cool <br />their homes. She anticipated a geothermal system would be a better option than the electrical <br />resistance system. She explained she would like to see a comparison between all of the costs in <br />order to properly inform decision makers. She reported Xcel Energy has an RFP for a <br />geothermal or community district system that was 500 tons. She noted this would be a $10 <br />million geothermal investment and would be a good opportunity for this project. <br /> <br />Commissioner Monson requested further information on the geothermal that was pursued for <br />The Heights development. Mr. Ahern provided further information on the geothermal system <br />that was installed in The Heights development. He discussed how the capital costs for the <br />system had been paid by a third party that would own and operate the system. <br /> <br />Commissioner Monson stated she looked forward to hearing how the conversations go with the <br />developer. <br /> <br />Chair Wicklund questioned if this was one of the largest projects Ever-Green has worked on. <br />Mr. Ahern stated this project was on the smaller side in comparison to other projects he has <br />worked on. <br /> <br />Chair Wicklund asked how long Ever-Green has been working on projects of this type. Mr. <br />Ahern reported he has been working on projects of this type for the past 10 years. <br /> <br />Chair Wicklund inquired how many systems Ever-Green has installed in the past 10 years. Mr. <br />Ahern estimated he has developed 10 systems in the past 10 years.