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355 <br />356 Member Seigler inquired what would happen if the panels are damaged on the roof <br />357 top at the fault of the City. <br />358 <br />359 Mr. Weir responded the equipment is owned by them, it is usually on them, but if <br />360 it was caused by negligence by the City, that may be different. <br />361 <br />362 Chair Cihacek stated it would be included in the cost analysis and they could look <br />363 at purchasing additional liability insurance. They still need to do some risk <br />364 scenarios based on the size of the design to determine what the risk is. <br />365 <br />366 Mr. Culver stated the size of the system they are considering includes panels on the <br />367 Skating Center and they would need to bring that roof up to code. This needs to be <br />368 considered when preparing the cost scenarios. <br />369 <br />370 Chair Cihacek noted there is also a potential benefit of heating and cooling costs <br />371 decreasing by the solar panels shading the roof. <br />372 <br />373 Member Trainor inquired if there is capacity available in existing solar gardens for <br />374 the City to buy into. <br />375 <br />376 Mr. Weir responded there is come capacity available and they are always looking <br />377 for more hosts. They could sign a letter of intent for 3,400,000 kWh which would <br />378 serve as a reservation for the City to participate. Once they determine where the <br />379 City is allotted into the different solar gardens, an addendum would be added that <br />380 indicates the wattage coming to the City from each location. <br />381 <br />382 Member Seigler inquired who the owners of the gardens are and if the investors get <br />383 atax credit. <br />384 <br />385 Mr. Weir explained the owners do get a tax credit. They typically come from WGL <br />386 Energy, but they recently did a contract with Xcel Energy as well. <br />387 <br />388 Chair Cihacek clarified they will be using private equity to build. They will have <br />389 a private financer who is a private equity partner and getting a tax credit for the <br />390 equity contribution. The completed garden will then be sold to the utility company. <br />391 <br />392 Mr. Weir agreed with Chair Cihacek and noted sometimes the tax credits will go to <br />393 the owner and other times they go to the developer, depending upon how long it <br />394 takes. <br />395 <br />396 Member Seigler inquired if the solar panels secure the debt and if bankruptcy <br />397 affects anything. <br />398 <br />Page 9 of 16 <br />