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FINANCIAL IMPACTS <br />73 <br />With the recommended proposal, the City will have no upfront costs and the energy savings <br />74 <br />realized annually along with the Made in Minnesota rebate payments and the tax credit equity <br />75 <br />participation will pay for the annualized installation cost of the system. It is estimated that by <br />76 <br />year 10 the system will be fully owned by the City and we will realize the full benefit of the <br />77 <br />power generated by the 40kW system(s) on the City Hall and/or Fire Station building(s). This <br />78 <br />will reduce long term electric costs for the city. <br />79 <br />STAFF RECOMMENDATIONS <br />80 <br />Staff recommends approving Staff to enter into a letter of intent with TruNorth Solar to apply for <br />81 <br />two 40kW PV Solar installation through the Made in Minnesota Solar Incentive Program and to <br />82 <br />continue to explore a larger solar installation for the Skating Center roof. <br />83 <br />REQUESTED COUNCIL ACTION <br />84 <br />Motion directing staff to enter into a letter of intent with TruNorth Solar to apply for two 40kW <br />85 <br />PV Solar installation through the Made in Minnesota Solar Incentive Program and to continue to <br />86 <br />explore a larger solar installation for the Skating Center roof. <br />87 <br />88 <br />Prepared by: Duane Schwartz, Director of Public Works; Marc Culver, Assistant PW Director/City Engineer <br />Attachments: A: City Campus roof map <br />B: November PWETC minutes <br />Page 3 of 3 <br /> <br />