Laserfiche WebLink
532 <br />Mr. Schwartz advised that representatives from Newport Partners recommended <br />533 <br />that the City consider multiple applications and continue discussion on the <br />534 <br />community solar aspect, with this proposal from Newport Partners representing <br />535 <br />only one option, with another option for guaranteed power purchase with <br />536 <br />someone else owning the system other than the City of Roseville. Over the next <br />537 <br />month or two, Mr. Schwartz suggested that the PWETC can determine their <br />538 <br />recommendation to the City Council to ensure applications can proceed in a <br />539 <br />timely manner from the City Council's decision and direction authorizing moving <br />540 <br />forward. <br />541 <br />Ask <br />542 <br />At the request of Mr. Schwartz, Mr. Streier reviewed the timing of an application, <br />543 <br />suggesting several documents needed for the process, including some on-site <br />544 <br />assessments of the building and a system layout drawing, and shading report, <br />545 <br />which will take from two to four weeks depending on the weather, and needed <br />546 <br />before the February 28th application deadline. <br />547 <br />548 <br />Chair Stenlund asked for a risk assessment, or example of the risk to the City over <br />549 <br />the ten to twenty years, especially the risk shared b the City after year 10. <br />550 <br />551 <br />Member Wozniak asked for dollar figures rom s aff on what total amount the <br />552 <br />City would be paying out in ten years. <br />553 <br />554 <br />Member Seigler opined that, for the dollar asset with the City paying 30 cents for <br />555 <br />every dollar, and someone else paying 70 cents, he didn't think the City could <br />556 <br />find a better deal anywhere for a $240,000 valued system, for which the City <br />557 <br />would pay $60,000. <br />558 <br />559 Member Cihacek suggested examining the City's options at year 10, as the system <br />560 owner at that point, and whether to convert it to a solar garden or find another <br />561 option for another system operator after that first ten years, based on the current <br />562 understanding and projected understanding of legislation. <br />563 <br />564 Mr. Schwartz noted that current projections were carried out on the spreadsheet <br />565 (Attachment A) based on the system becoming the City's. It was noted that any <br />566 maintenance costs were not included, but were projected as minimal. <br />567 <br />568 At the request of Member Seigler, Mr. Streier advised that the escalation rates <br />569 used by their firm on the spreadsheet calculations were at 4%, the industry <br />570 standard, but could be lowered to 2% to project a worst case scenario. <br />571 <br />572 Mr. Schwartz advised that there remained many more eyes to look at this <br />573 projection, from the City Attorney to other experts in the area, including an <br />574 opportunity for the assistance from Mr. Brian Ross with Metro Certs, who was <br />575 now accepting applications for assistance in helping the City work through these <br />576 details. Mr. Schwartz advised that it was staff s intent to work with Metro Certs <br />577 to evaluate the process. <br />Page 13 of 17 <br />