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33 Public Works Director Culver reviewed project updates and maintenance activities 34 listed in the staff report and attachments dated July 28, 2015. Due to limited time 35 for the business portion of tonight's meeting, Mr. Culver asked individual members 36 of the PWETC to contact staff for any additional information or if they had 37 questions. 38 39 5. City Campus Solar Panel Installation Proposal Review and Recommendation 40 Public Works Director Culver provided a quick overview of two proposals received 41 for a solar panel installation on the Oval/Skating Center roofs, as detailed in the 42 staff report dated July 28, 2015; and as displayed v' ower Point presentation, a 43 copy of which is made a part of the staff report tacked hereto and made a 44 part hereof. 45 mull 46 Mr. Culver noted ro receipt of two proposals: onllllle from TruNorth with several options P P P 47 included in their response to the Request for Proposals (RFP) and a proposal from 48 Sundial Solar. Based on ownership and upfront costs, and after staffs analysis and 49 comparison of the two proposals and full submittals from both solar developers, 50 Mr. Culver advised staff was recom ding en ing into an agreement with 51 Sundial Solar for a Pow'urchase Ag ment system that the City will then be 52 able to purchase in the 'sixth year after installation with the use of a charitable 53 contribution for a private sector third party. Mr. Culver noted the submittal from 54 Sundial was much more detailed and contained several tables providing for a cost 55 analysis and power production analysis. 56R� 57 Mr. Culver noted that the TruNorth proposal d the option for one power 58 purchase agreement and another option for a sim e direct purchase, with both 59 requiring entering into an energy partnership loan through the St. Paul Port 60 Authority (SPPA) for fifteen years, and based on minimum dollar amounts and 61 assumpti s detailed in the staff report. 62 63 analyzing t e Sundial prUts l, Mr. Culver noted the different power purchase 64 ement, with installation higher, but no upfront financing required of the 65 Ci r that initial purchase price, and therefore requiring no loan with the SPPA. 66 Mr. ulver noted this was due to taking advantage of tax equity financing and the 67 power purchase agreement, combined with the charitable contribution at year six 68 for the third party, at which time the City would purchase the system at 5% of the 69 fair market Nlue of the system and the tax equity partner would donate the 70 remainder for a large tax write -off. Mr. Culver reviewed advantages of this option 71 in overall power savings over a twenty year period, estimating an additional 72 $500,000 would be realized by the City in power savings alone. 73 74 Mr. Culver advised that, as part of their proposal process, Sundial had toured the 75 roof area and realized it could make much more use of the roof space. 76 77 In both scenarios, even with a smaller footprint, Mr. Culver advised that there were 78 further advantages with a solar panel system over the arena roof, as additional Page 2 of 5