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Committee approves borrowing for water-plant solar array project; members expect tax credits or grants to reduce city cost
Summary
The finance committee approved an amendment to add borrowing for a solar array at the municipal water treatment plant. The committee and staff said federal tax credits (estimated at 30%) and potential grants could substantially reduce net city cost; the motion passed and staff will proceed with design and grant pursuit.
The Common Council Finance Committee approved an amendment to add borrowing for a municipal solar array at the water treatment plant, with the motion calling for $2.5 million in authorized borrowing and direction that any grants or tax-credit proceeds be used to reduce outstanding debt.
Alder Henke moved the amendment; Alder Watson seconded. Committee members discussed project…
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