City Council Agenda and Packet 2015 10 06

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City Council Meeting Minutes September 15, 2015 Page 18 of 19 Council member Stolzmann stated Council is just looking at whether a deposit should be made, which is fully refundable and asked if the deposit goes toward the loan. Ms. Thompson explained last time there was a lease to own so the deposit was returned. A zero percent down payment creates the negative cash flow. An opinion is needed on the interest rate, which will not be non - taxable after 5- years. Council member Stolzmann stated the City would still get a renewable energy credit, which would go from 9 cents to 6 cents. There is an opportunity to put the City Facility Building, the Golf Course and Water Plant on line to evaluate where the credit should be. The first five years could be better than projected particularly with the golf course. She supported the down payment to reserve the space. She said CEC will be taking care of the maintenance and the City gets all the benefits without going into the utility business. She felt this should be a budget discussion next week and the City should be looking for ways to reduce its energy intake. Mayor Muckle inquired about the percentage of electricity now provided through solar. Public Works Director Kowar stated it is still a low percentage. Mayor Muckle supported putting down the refundable deposit and reserving a space in the array MOTION: Mayor Muckle moved to authorize the City Manager, Public Works Director and City Attorney to negotiate the purchase of 198,575 Watts of Community Solar with Clean Energy Collective, seconded by Council member Stolzmann. City Attorney Light offered a friendly amended to include the deposit is fully refundable. Mayor Mucke and Council member Stolzmann accepted the friendly amendment. VOTE: Roll call vote was taken. The motion carried by a vote of 7 -0. 2000 TAYLOR AVENUE 1. ORDINANCE No. 1703, SERIES 2015 — AN ORDINANCE APPROVING AN AMENDMENT TO THE BUSINESS CENTER AT CTC GENERAL DEVELOPMENT PLAN (GDP) TO REZONE THE PROPERTY FROM PCZD -C TO PCZD -I — 1st Reading — Set Public Hearing 10/06/2016 2. RESOLUTION No. 66, SERIES 2015 — A RESOLUTION APPROVING A FINAL PLANNED UNIT DEVELOPMENT (PUD) PLAN TO CONSTRUCT A 120,581 SF SINGLE STORY INDUSTRIAL /FLEX BUILDING WITH ASSOCIATED SITE IMPROVEMENTS FOR LOT 1, BLOCK 4, THE BUSINESS CENTER AT CTC Mayor Muckle requested a City Attorney introduction. City Attorney Light introduced Ordinance No. 1703, Series 2015 and reviewed Resolution No. 66, Series 2015. 36