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203 <br /> Draft <br /> Craig Benedict: My understanding, there's an ESA USA and an ESA Spain. <br /> Lydia Wegman: Is ESA USA a subsidiary of ESA Spain. Is ESA Spain the stakeholder who own ESA USA? <br /> Javier Gorbe: ESA Renewables is owned by ESA USA, it's an American company. And ESA Spain, I, and another <br /> stakeholder own that company. <br /> Tony Blake: I have one more question, this is a lease arrangement and it's a 15-year lease on this land, and is <br /> there an automatic renewal? <br /> Javier Gorbe: Correct... It's not automatic; it's a 5-year renewal after that. <br /> Lydia Wegman: I saw in your slides that you're planning to do maintenance between May and September. And I'll <br /> just note that in North Carolina you might need to do maintenance between March and November. There's a lot of <br /> growth that occurs in early spring around here. <br /> Javier Gorbe: Right. Normally we modify that per site but we tend not to do the maintenance in the winter just <br /> because the temperatures and sometimes it's less productive than doing it in the summer. We tend to cut the grass <br /> during the summer and between those we do the maintenance to make sure that everything works correctly. <br /> Craig Benedict: Earlier slides you mentioned for every dollar invested there's $1.93 that comes back in revenue. Is <br /> there any more information in your packet somewhere that shows where that came from? <br /> Javier Gorbe: I'm not the best person to talk about financial numbers but I can certainly address that in the future <br /> and send you the information, if that's okay. <br /> Craig Benedict: I know that for a certain period they're not taxed fully. So, it would just be interesting to see the stuff <br /> that's behind that. <br /> Patricia Roberts: I do think they get a break on Orange County Property Taxes too. <br /> Javier Gorbe: The difference is that when you produce electricity from a conventional point of view the .. drop from <br /> outside the country or outside the state. In this case the solar panels; the only thing they do is produce energy and <br /> they are here providing it so they tax them; they have a grade but their revenue between conventional power and <br /> renewables is much bigger. <br /> Patricia Roberts:Where are the solar panels made? <br /> Javier Gorbe: They are made everywhere. One of the companies that was American made was bought by a <br /> Chinese company. There is only one company that if you really want to buy American that meets all the criteria. I <br /> believe it's called BAA, By American Act.And there is only one company in the whole of the U.S. and that company <br /> has 400 workers. If you buy those panels you are not able to do solar in North Carolina. The difference in pricing <br /> doesn't allow you to do solar. So those panels are made for residents because they are high end, they can get <br /> more radiation when they are not in the optimal angle and they have more power per square foot to allow <br /> residences that don't have a big roof. <br /> Lydia Wegman:Any other questions? I think that's all we have right now Javier, thank you. <br /> Patrick Mallett went over attachment 4. <br /> Kim Piracci: I have a question about the sign, or more of a statement. There's too much information on the sign. <br /> You're driving by and you can't really read what the sign says. So I didn't know if there's any way of making... <br /> Patrick Mallett:The sign has to contain what,why, and where. <br /> 4 <br />