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FINANCIAL IMPACT: The development model contemplates an investor development partner <br />to contribute the entire installation cost for the system (see attachment, "Solar Development <br />Model Illustration ") after acquiring the leasehold /licensing property right to install on County <br />property. Once the initial investment has been recouped by the investor partner, the significant <br />utility savings provided by the system would be passed on to the County to be distributed <br />according to a Board - adopted operating budget. <br />At such time that the development tax credits and other financial incentives are exhausted by <br />the development partner(s), the County may choose to purchase the depreciated asset at its <br />negotiated fair market value with appropriated Energy Bank funds. <br />RECOMMENDATION(S): The Manager recommends the Board: <br />1) receive an update and provide feedback on the County's discussions to further educate <br />and develop solar energy initiatives (rooftop photovoltaic, ground- mounted solar arrays, <br />solar power storage technology, etc.) within Orange County in alignment with the 2015 <br />"Solarize" Campaigns organized by NextClimate (Orange County, Carrboro, Chapel Hill, <br />and Hillsborough); <br />2) endorse the development of a pilot solar photovoltaic system within County facilities, <br />beginning with the Rogers Road Community Center; and <br />3) include this proposed pilot within the 2015 Orange County "Solarize" campaigns. <br />