Canton, Massachusetts · Saved source text
Article 59 - Transfer Funds to the Solar Facility Stabilization Fund
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Source page 1
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VOTE TO ESTABLISH A SOLAR FACILITY STABILIZATION FUND
Article 28 To see if the town will vote to establish a solar facility stabilization fund and to
appropriate and raise by taxation, by transfer from available funds or by transfer from Free Cash, a sum
of money for the Solar Facility Stabilization Fund, or to take any action related thereto.
Board of Selectmen
MOVED: That the Town establish a Solar Facility Stabilization Fund in the Treasury of
the Town pursuant to Chapter 40 section 5B of the general laws in order to set aside funds for
shortfalls incurred when payments by the Town to the solar provider at the landfill exceed the
net metering credits received by the Town for the solar electricity generated at this solar
facility.
FINANCE COMMITTEE VOTE: 5-0-0
Barbara Saint Andre, Chairperson of the Finance Committee, moved Article 28 as printed in the warrant.
TERMINATE AND RE-ALLOCATE SPECIAL EDUCATION STABILIZATION FUND
Article 29 To see if the town will (i) terminate the previously established Special Education
Stabilization Fund pursuant to MGL Chapter 40, Section 5B and replace it with a new Special Education
Reserve Account under the Municipal Modernization Act pursuant to Session Laws: Chapter 218 of the
Acts of 2016, Section 13D and (ii) re-allocate the existing balance in the Special Education Stabilization
Fund to the new Special Education Reserve Account, or to take any other action related thereto.
Board of Selectman for Schoo/ Committee
MOVED: That a new Special Education Reserve Account be hereby established in the
treasury of the Town pursuant to the Municipal Modernization Act Chapter 218 of the Acts of
2016, Section 24, establishing G.L. c. 40 section 13E; and
that the amount of One Hundred Eleven Thousand One Hundred Forty Six Dollars ($111,146) be
transferred from the existing Special Education Stabilization Fund (Org. #68011) previously
established pursuant to MGL Chapter 40, Section 5B; to the Special Education Reserve Account
established pursuant to this motion; and
that the existing Special Education Stabilization Fund (Org. #68011) previously established
pursuant to MGL Chapter 40, Section 5B be terminated and repealed.
FINANCE COMMITTEE VOTE: 8-0-0
Barbara Saint Andre, Chairperson of the Finance Committee, moved Article 29 as printed in the warrant.
VOTE TO APPROVE FUNDS TO REPLACE ROOF AT LT. PETER M. HANSEN SCHOOL
Article 30 To see if the Town will vote to appropriate and raise by taxation, transfer from available
funds, or transfer from Free Cash, or to authorize the Town Treasurer with the approval of the Board of
Selectmen, to borrow (and to issue bonds or notes therefore) a sum of money to be expended under the
direction of the Building Renovation Committee for the replacement of 42,890 square feet of the roof on
the Lt. Peter M. Hansen Elementary School, 25 Pecunit Street, Canton, Massachusetts, which proposed
repair project would materially extend the useful life of the school and preserve an asset that otherwise isSource page 2
Solar Facility _ ~ ~l
A C E G I K M O
~ ~ (#31110-43111) NMC per (#31110-52101) Cost per Surplus/
Meter # Date Kwh's NMCs Kwh I Billed b SSRE Kwh Deficit
.
5
~~ Fy 13 Totals 4,529,160 $730,538.40 $0.1613 $702,019.80 $0.15500 $28,518.60
- -
~s
~7s Fy 14 Totals 6,434,280
- - $1,131,352.85 - $0.1758
- $1,024,602.47- $0.15924 $106,750.38
Aso
2~s Fy 15 Totals 6,179,640 $1,241,946.44 $0.2010 $1,021,434.64 $0.16529 $220,511.80
2so - - - -
379 Fy 16 Totals 6,784,320 $1,422,706.53 $0.2097 $1,169,211.89 $0.17234 $253,494.64
380
a~8 Fy 17 Totals 6,809,400 $1,355.,039.04 $0.1990 $1,221,350.54 $0.17936 $133,688.50
479 - - - - -
486 Total 6/13/2017 721,200 $141,776.09. $0.1966 $13.1,388.22 $0.18218 $10,387.87
487 - - - - -
494 Total 7/14/2017 808,320 $175,009.07 ~ $0.2165 $147,259.73 $0.18218 $27,749.34
495
502 Total 8/11/2017 718,920 $158,531.48 $0.2205 $130,972.84 $0.18218 $27,558.64
503
5~o Total 9/13/2017 749,760 $165,333.86- $0.2205 $142,199.48 $0.18966 $23,134.38
511
5~s Total 10/13/2017 469,200 $97,759.34 $0.2084 $88,988.46 $0.18966 $8,770.88
519
526 Total 11/13%2017 366,840 $70,605.35 $0.1925 $69,574.87 $0.18966 I $1,030.48
527
~~ ' Total 12/12/2017 227,400 $43,752.01 $0.1924 $43,128.68 $0.18966 $623.33
542 Total 1/12/2018 128,280 $26,116.88 $0.2036 $24,329.59 $0.18966 $1,787.29
543
544
545 Fy 18 Totals 4,189,920 $878,884.08 $0.2098 $777,841.87 $0.18565 $101,042.21
546
547 Grand Totals 34,926,720 $6,760,467.34 $0.1936 $5,916,461.20 $0.16940 $844,006.14
Solar project.xlsx NMC comparison 2/23/2018Source page 3
Murgia, James R.
From: Murgia, James R.
Sent: Tuesday, March 06, 2018 10:33 AM
To: Aspinwall, Charles
Subject: Solar
Attachments: Solar facility discussion.pptx
H i Charlie — I got your voicemail regarding the solar stabilization fund. We might as well ask for $100k from free
cash for this which would be a transfer from one cash reserve to another. I've attached the updated PowerPoint
presentation which shows that we're still seeing savings from paying SSRE less than we're getting from Eversource as
shown on the first couple of slides. When we include the lease payments (last slide), the total financial benefit is
substantial. Thanks.Source page 4
Pine Street Solar Facility The Town leased fifteen acres of itsformer landfill to Southern Sky Renewable Energyfor installation of a 5.6 megawatt solar panelfacility. Thisfacility started to generate electricity for municipal and school buildings in the first quarter offisca12013.
Source page 5
Solar Facility per KWH Info
$o.zzoo -- --- -- ---
Z~~ q~ 4~
$o.zsoo
$o.z000
$0.1900 - - -__-- ----- -
~~~~
$0.1800 _- - --- - - -- - -
$0.1700 - -- --- -
-Net Metering
$0.1600 -_ -- - - - -- - -
-SSRE
$0.1500
$0.1400
$0.1300
$0.1Z00 -- - -- __ -
FY 13 FY 14 FY 15 FY 16 FY 17 FY 18(thru
Jan)Source page 6
r Solar Facility Electricity Savings
$300,000
$z5o,000 - _- --___ --_
$zoo,000 _ ----
$150,000
Savings
$soo,000 -
$so,000
FY 13 FY 14 FY 15 FY 16 FY 17 FY 18
c`'~l~ ~~0~~ ~`~~X-- ~~~~~ ~l~yl~ ~thruJ
>. - ~-an)Source page 7
Solar Facility's Annual Financial Benefit
$600,000
$soo,000 -
$400,000 --
$300,000 -
■ Solar Facility's Annual Financial
$200,000 -- Benefit
-
$100,000 ----
$0 ----
FY 13 FY 14 FY 15 FY 16 FY 17 FY 18
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