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its vehicle fleet over the next five years, as he would like to see. Director Beno indicated that the service garage would not be upgrading to a 480 volt inverter as too much of the equipment in it runs on a 240 volt generator. In the future, if the city wanted to run 480 volt chargers for vehicles, it would run them on a new meter that would not be connected to the building, making it simpler and more cost effective for the electric billing of the building. Members of the committee also discussed the poor condition of a section of the roof of the service garage with Director Beno. The section will not affect the current solar panel project however, and expansion onto that section of roof will be discussed when it is repaired or replaced. Chairman Rader and members of the committee discussed the impact of 30 year PPA versus a 20 year one on the City's future decision to purchase the system from Enerlogics in year 6, as optioned in the deal. Mr. Wise stated that there is usually good life left on a system at the term of a 20 year PPA, however a significantly more amount of degradation occurs to the system by the end of a 30 year PPA term. Typically, the private market would not purchase a system at the end of a 30 year term and solar panel owners would ride out the term and purchase new panels, as there is liking to be upgraded technology within the first 5 years of the PPA. Mr. Wise also surmised that the City would be looking to complete roof work by the end of the 30 year agreement anyways, suggesting it may be smarter to remove the panels at the same time. Through discussion with members and Mr. Wise, it was determined that if the City was to purchase the solar panel system in year 6 of the PPA, it would be taking on more risk than if it were to continue leasing the panels from Enerlogics. It was verified that Third Sun is installing, maintaining, and trouble shooting the panels. The company has employees in Lakewood, which could lead to quality service, and Enerlogics will pay any maintenance fees as long as it continues to own them. The panels degrade about 1.5% each year. Members of the committee highlighted the need for the amortization table on page 16 of the PPA to be populated with figures in order for them to determine what makes most sense in terms of the City's return on investment. Members proposed meeting during the first week of November to review the numbers for what a 30 PPA looks like. Mr. Wise noted that coming to an agreement is important by the end of the year in order for Enerlogics to have safe harbor for the project under the federal tax law. It was noted that by Assistant Director Swallow that the resolution was drafted as an emergency measure so it would be effective immediately upon Council approval and the mayor's signature. Councilman Bullock requested that Assistant Director Swallow reach out to the mayor regarding the deal to get his input and use his business acumen. There was also discussion regarding whether it would make sense to purchase the solar panel systems for separate buildings and not all 4 of them at once, however no conclusions were reached. Councilmembers asked whether there is any energy storage component to the panels and Mr. Wise noted that the City would receive credits for any excess energy produced, as it pours back into the system. He added that the City could enter into a 20 year PPA with Enerlogics if it went for a service upgrade to include the City Parks building in service. Enerlogics' cannot do a 20 year agreement because it is not attractive enough to pay for 5 more years, while factoring in inflation of costs. The PPA was based on a 50 year pricing model for electricity in the region.