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Regular City Council Meeting Monday,January 26,2015 Page 19 Mr. McNamara advised that Western Bank supported the dates established by the HRA, and was interested in staying involved in the project, and opined that the bank could have information available for those dates, as well as meeting the tim- ing of the subsequent February 23, 2015 City Council meeting. Willmus moved, Laliberte seconded, TABLING discussion and any potential ac- tion on this item until the February 23, 2015 City Council meeting. Roll Call Ayes: Willmus, Laliberte, Etten, McGehee, and Roe. Nays: None. Community Development Director Bilotta clarified that the outstanding infor- mation still needed from GMHC was basically updating or massaging documents and/or information and did not mean that any documentation was missing. Speaking on behalf of HRA members, Mayor Roe asked that the City Council continue to receive periodic updates as this project moves forward. Mr. Bilotta duly noted that request; and noted that GMHC had also committed to attending upcoming meetings as well. Recess Mayor Roe recessed the meeting at approximately 8:07 p.m., and reconvened at approximately 8:16 p.m. 15. Business Items—Presentations/Discussions a. Discuss Solar Projects and Authorize Applications City Engineer Marc Culver and Public Works Director Duane Schwartz presented updated information on solar projects and recommendations to-date by the Public Works, Environment, and Transportation Commission (PWETC). Mr. Culver displayed a map showing the civic campus and flat roofs available and suitable for solar installations; and addressed current electrical usage on the campus. Mr. Culver's presentation included three viable options that had been found: • The best from a financial standpoint was for a "Made in Minnesota" grant over ten years based on actual production, requiring use of solar panels made in Minnesota, with two manufacturers qualifying for that designation. • The direct purchase option with financing directly with the St. Paul Port Au- thority (SPPA), creating upfront costs for the City and/or a much longer loan payoff. • A power purchase agreement with the system owned by a third party to re- ceive federal tax incentives thereby lowering the cost of the overall system and upfront costs for the City; with the third party selling solar generated power back to the City at 85% of the rate charged by Xcel Energy.