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DRAFT <br />14 <br />16 <br />The idea is mostly familiar - the customer would buy in at a set rate for 5+ <br />years, but the customer would also get the recs and deal directly with <br />Xcel, rather than a third party. Like wind source, the rate would be slightly <br />higher than the existing rate/watt, but it would be set, hopefully offsetting <br />inflation expectations at least at some level. The customer would be <br />tapping into an enormous solar pool that they are setting up, not tied to a <br />specific solar garden. <br />According to the Director of Public Works, we need to also be thinking in <br />relation to renewables what our strategy is in the long term. He points out <br />that while the City can claim a certain percent renewable now at certain cost <br />due to current agreements, in 15-20 years those agreements run out. We will <br />be left with solar equipment we own, but it is uncertain what their production <br />efficiency will be and/or replacement costs. If costs don't change we will be <br />facing a renewal cost possibly without credits that would require an <br />investment of $50-150k per year to renew and have those assets over a new <br />lifespan. We may need to think in a larger scope about creating a <br />"Sustainability Utility" that considers these costs and establishes a long term <br />funding source and financial plan that can manage finances over a longer term <br />view. The City's biggest risk right now is not today but what happens in 15 <br />years with the renewable portfolio. <br />9 <br />CE-IT2S3: Adopt building <br />codes & policies that <br />promote energy efficiency in <br />new and existing buildings. <br />2 <br />According to the Planning and Building department, we should first evaluate <br />whether either of the newer code versions would provide energy efficiency <br />benefits for new construction, and then evaluate whether we want to adopt <br />those. <br />Guidelines favoring energy <br />efficiency should be included in the <br />new PUD as potential "waiver <br />criteria". <br />Continue to evaluate the adoption <br />of updated building codes to the <br />advancement of energy efficiency <br />in new buildings, every three years <br />as appropriate. <br />10 <br />CE-IT2S4: Aim to achieve 80% <br />3 <br />The new Recreation Center is on course to earn between 60-79 points (gold <br />Continue to seek 60-79 points <br />DRAFT <br />14 <br />16 <br />