FINAL School Committee Minutes November 16 2021.pdf

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"Net Metering Public ID Signature Sheet"on behalf of Minuteman Regional Vocational Technical School District ACTION 2021 #194 Moved(Leone)and seconded(Ledoux) To authorize Superintendent-Director as an Authorized Agent to represent Minuteman Regional Vocational Technical School District as a public entity related to the Net Metering Program and the Superintendent-Director is authorized to sign the"Net Metering Public ID Signature Sheet"on behalf of the Minuteman Regional Vocational Technical School District,as presented VOTE: 9 members in room at time of vote Weighted Vote present: 100% Weight needed: > 50.00% Names of towns opposing or abstaining: none Final percentage results of vote: 100% Final status of the vote: Unanimous Roll Call: Pam Nourse(Acton)(Yes) Michael Ruderman(Arlington) (Yes) Dave O'Connor(Bolton) (Yes) Steve LeDoux(Concord)(Yes) Ford Spalding(Dover) (Yes) Jennifer Leone (Lancaster)(Yes) Judy Crocker(Lexington) (Yes) Jeff Stulin, (Needham) (Yes) Alice DeLuca, Secretary(Stow) (Yes) Dr. Bouquillon explained net metering to members as follows: if we produce more electricity than we use,it goes back into the grid.The agreement that we have which was negotiated with the power company states that we would get reimbursed for that net metering back into the grid at a higher rate than a homeowner would. He shared that this has been negotiated over months with special counsel and Beth Greenblatt and this is the final step in the process so that if we ever get to the point where we are putting power back into the grid,we would be paid at that higher rate. Mr. Ledoux asked if the agreement has an escalator clause in it for the buy-back going up over time. Dr. Bouquillon responded that it does,but he does not know what that percentage is but that over the life that we own it, it does have a small escalator that is tied to energy costs in the agreement. He said it floats. Mr. Ruderman asked how long the agreement was for, and Dr. Bouquillon responded 20 years. Mr. Ruderman added that at 20 years, the escalator clause becomes an important consideration and Dr. Bouquillon agreed. d. School Building Committee Report—Ford Spalding Mr. Spalding shared the important news that on October 26`h,the Town of Lincoln Building Department issued a full Certificate of Occupancy for our building project which officially marks the completion of Lincoln's permitting issues for the project. 8