Committee unanimously approves $153,421 transfer from one Question 2 solar project to another
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Summary
The Citizens Bond Oversight Committee voted unanimously on May 29 to transfer up to $153,421 in bond savings from Question 2 Project 57 (solar at North Corporation campus) to Question 2 Project 59 (solar at Civic Center campus). The motion was made by Committee member Fisher and seconded by Committee member Holland.
The Citizens Bond Oversight Committee voted unanimously on May 29 to transfer up to $153,421 in bond 2019 fund savings from Question 2 Project 57 to Question 2 Project 59.
Committee member Fisher moved the transfer and Committee member Holland seconded. Vice Chair Coughlin called the vote; committee members voted aye and the motion passed unanimously.
Staff recommended the transfer of savings from Project 57 (install solar systems at North Corporation campus) to Project 59 (install solar systems at the Civic Center campus). Allison (city engineer) said the recommended transfer was driven by timing and inflation since the project's original estimate, not a change in scope.
Committee member Komisoo asked whether tariffs on solar panels might increase project costs in the future; Allison acknowledged that tariffs could have an impact. Committee member Davis asked whether staff had calculated payback periods for the Civic Center solar project; Allison said she did not have that information at the meeting but would provide it.
Committee member Herr asked whether legal restrictions prevented transfers; Allison said the only restriction is that transfers must remain within the same bond question.
The transfer motion text: "Transfer up to $153,421 in bond 2019 fund savings from Question 2 Project 57 to Question 2 Project 59." The record shows the motion was approved by unanimous vote.
