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Member Seigler inquired what would happen if the panels are damaged on the roof <br />top at the fault of the City. <br />Mr. Weir responded the equipment is owned by them, it is usually on them, but if <br />it was caused by negligence by the City, that may be different. <br />Chair Cihacek stated it would be included in the cost analysis and they could look <br />at purchasing additional liability insurance. They still need to do some risk <br />scenarios based on the size of the design to determine what the risk is. <br />Mr. Culver stated the size of the system they are considering includes panels on the <br />Skating Center and they would need to bring that roof up to code. This needs to be <br />considered when preparing the cost scenarios. <br />Chair Cihacek noted there is also a potential benefit of heating and cooling costs <br />decreasing by the solar panels shading the roof. <br />Member Trainor inquired if there is capacity available in existing solar gardens for <br />the City to buy into. <br />Mr. Weir responded there is come capacity available and they are always looking <br />for more hosts. They could sign a letter of intent for 3,400,000 kWh which would <br />serve as a reservation for the City to participate. Once they determine where the <br />City is allotted into the different solar gardens, an addendum would be added that <br />indicates the wattage coming to the City from each location. <br />Member Seigler inquired who the owners of the gardens are and if the investors get <br />atax credit. <br />Mr. Weir explained the owners do get a tax credit. They typically come from WGL <br />Energy, but they recently did a contract with Xcel Energy as well. <br />Chair Cihacek clarified they will be using private equity to build. They will have <br />a private financer who is a private equity partner and getting a tax credit for the <br />equity contribution. The completed garden will then be sold to the utility company. <br />Mr. Weir agreed with Chair Cihacek and noted sometimes the tax credits will go to <br />the owner and other times they go to the developer, depending upon how long it <br />takes. <br />Member Seigler inquired if the solar panels secure the debt and if bankruptcy <br />affects anything. <br />Page 9 of 16 <br />