Utility Committee Agenda and Packet 2020 07 28

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• The allotment contract is about two months out and that's our first step of when it's time to approve. • Then that's when the City has to decide if we are doing our own financing or group financing. That conversation will have to happen in that 3 month range. We have two committee meetings before bringing to council for approval. Councilmember Jeff Lipton continued by saying let's keep this on the Agenda as a place holder and we don't have to talk about it but just update us on. Councilmember Deborah Fahey added her thoughts about spreading this out over generations. She thinks the future generations because of climate change and economics are going to have lower water volumes and their own financial issues. So she doesn't like the idea of saddling them with this. She'd rather see it get paid off sooner so they can deal with the issues that come up 20 years from now. IX: Upcoming Projects and Council Action • Xcel MOU — July, Mr. Peterson said this is an Xcel program that is free to us where they come through our facilities and do an energy evaluation. Just by participating we get a slightly lower rate on our electric bill and depending on what we improve/add there is additional reductions we can see. • Water Rights — Still working on various water rights deal. Once those are finalized we are looking to bring forward those contracts in the next month or so. X. Agenda Items and Date for Next Meeting • Work Plan & Meeting Dates / Dashboards, to be added to every meeting and be consolidated. • Next meeting is scheduled for July 28, 2020 from 10:00 a.m. to 12:00 p.m. XI. Adjourn Councilmember Fahey motioned to adjourn and Mayor Pro Tern Maloney second the motion, all agreed and the meeting was adjourned at 11:00 p.m. 9