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262 Chair Stenlund questioned the length of vulnerability for the City of Roseville, <br />263 based on best or worst case scenarios. <br />264 <br />265 Mr. Culver estimated the impact was related to which month the work was <br />266 performed, if during a lower production month, and from the tax equity <br />267 perspective, the city was expected to purchase a certain amount of annually <br />268 produced solar power. <br />269 <br />270 Member Cihacek estimated, if 80% total capacity, there should be some variance <br />271 built in and some occurring naturally on a seasonable basis, which should be part <br />272 of managing this system overall through proper asset management efforts and <br />273 decreasing the city's exposure. <br />274 muull <br />275 Mr. Culver noted that minor maintenance or rehabilitation of the roof was <br />276 scheduled within ten years for the skating center roof, which Sundial Solar and <br />277 the Kenyon Energy were both aware of. <br />278 <br />279 As noted by Member Cihacek, Mr. Culver confirmed that power was connected to <br />280 the meter at the skating center, and couldn't be shifted to a different roof at that <br />281 time, part of the reason the skating center roof was so attractive for this solar <br />282 installation based on its square footage. Mr. Culver further clarified that there <br />283 were two meters servicing the OVAL which experienced erratic usage depending <br />284 on the season, while the arena itself provided more consistent usage; with less <br />285 than one-q arter o at energy consumed annually by the skating center. <br />286 <br />287 Chair Ste nd stated his support for going forward. <br />288im <br />289 Member Cihacek asked who provided the financials currently displayed, with Mr. <br />290 Ryan responding that the vendor had provide them initially, but the more detailed <br />291 projections currently displayed had been performed by him based on their <br />292 information to further determine production and degradation and incorporating <br />293 the Xcel Energy escalator. In talking to the contractor earlier today, Mr. Ryan <br />294 advised that he was updating numbers to get closer and was still negotiating the <br />295 powerphase agreement. <br />296 <br />297 At the reque°of Member Cihacek, Mr. Culver confirmed that the Power <br />298 Purchase Agreement would memorialize the rate and escalator and final known <br />299 numbers for the capacity credit. <br />300 <br />301 Mr. Johnson noted that the current projections include the 5% solar capacity <br />302 credit blended with the Xcel Energy rate, showing a positive cash value in years 3 <br />303 and 4. <br />304 <br />305 Mr. Culver stated his confidence that the city would receive the credit, but noted <br />306 that the remaining unknown was for how long and if it would increase or not. <br />307 <br />Page 7 of 20 <br />