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Director Rancatore provided an Excel sheet that explained the interest rates that the administration has seen over the years, noting they've risen a bit in the last several months. Staff tried to get early rate locks and were successful, with the city looking at a 1.99%rate this year. The committee stated the rates were good comparatively over the last 7 years. Councilmember Rader highlighted the purchase of the generator for Fire Station 3 and thanked Director Ducu for communicating the need to approve it, despite his reservations on its use of fossil fuels. He asked to gain a sense of why one using a battery wasn't purchased. Director Ducu noted that it served as a best solution for the first responder building, which will only be used in an emergency power situation. That facility needs to run on demand and the administration was unsure of the capacity of battery generators. The purchase replaces a 21-year- old generator. Chief Dunphy added that the Fire Department is open to putting solar panels on top of stations and the preliminary cost savings they may bring. He expressed concern that a permanent power solution is needed for the station which serves as an emergency operations center for the city. He clarified that the current and new generators burn clean natural gas. He suggested exploring a day-to-day battery to augment the current energy system for the station. Councilmember Rader expressed concern about the Board of Control process and noted that the contracts for these items were approved prior to Council giving the administration the authority to enter into those contracts. He would like the two processes to be reversed in their order. Councilmember Litten supported Mr. Rader's comments on the process, adding that they spoke to the order of operations in government. The committee and Director Rancatore discussed the need to seek early rate locks in order to improve the financing position on the items for the city. Mr. Rancatore noted that there was no intent to go out of turn, as contracting authority had been previously granted through the 2022 budget process. Councilmembers spoke about improving the city's capital plan and budget process, highlighting the need for consistent investment in clean energy. Motion by Chairman Shachner, seconded by Councilmember Litten to recommend Ordinance 09-2022 to the full Council for approval. All in favor. Motion passed. Ordinance 09-2022 was recommended. The meeting was adjourned without objection at 7:42 p.m.