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So that’s the financial summary. | am happy to take any questions you may have there and that really is the
substance of the proposal so we don’t want to take too much more of your time.
President Wilshire
| didn’t mean to cut you off.
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thereafter for the duration of that PPA contract. Again, minimum 5 years; standard term of 25 years but those
buy out options are annual beginning in Year 6. So the City determines for how long they remain in the PPA.
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President Wilshire
Anyone else? Thank you very much gentlemen, appreciate you being here. Oh you still have more
presentation. The financials.
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Mr. Weeks And it is worth noting Alderman Lopez asked the question about the roof condition, in addition to
reducing cooling loads by exactly how much we don’t know, hence not included in the financials, it will extend
the roof life. Those UV rays are the primary cause of the degradation of the roof itself. So covering that up,
soaking up those rays instead as the panels are designed to do, will have that additional benefit.
Alderwoman Kelly
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Alderman O’Brien
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cases because what that does is we are adding significant extra cost to our racking and support systems, which
really must be offset by the additional generation that they provide. So in these power purchase agreement
projects where we do typically have expansive roof or ground spaces, the juice isn’t worth the squeeze.
Alderman Dowd
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Alderman Dowd
| have a few questions and actually the first one is from something you originally said. If you put them on a roof
and the roof has to be replaced, how difficult is it to have the panels moved and reinstalled and is that
something that comes with the warranty or is that additional cost if the roof has to be replaced, you need the
additional cost allocated to move and reinstall the panels?
