THE APPROVED SITE PLAN WITH ST. LOUIS COUNTY, AND SUBMIT PROOF OF FILING TO THE CITY.”

THE APPROVED SITE PLAN WITH ST. LOUIS COUNTY, AND SUBMIT PROOF OF FILING TO THE CITY.”

7

BRUCE KORN (BK) – higgenbothems Construction

BK – Addresses the Board but has nothing to add to the staff report.

Chairman Lichtenfeld – So with the geothermal there is no exterior machinery – it’s all underground or within the home?

BK – Correct

Chairman Lichtenfeld – Would you estimate what the cost differential is to go with geothermal over the conventional system

BK – Geothermal is typically twice as much as a conventual system

Chairman Lichtenfeld – Is there payback to that over time?

BK – The federal Government has tax credits available that change year after year and the amount diminishes.

Chairman Lichtenfeld – What about maintenance for the wells?

BK – It is a closed loop system and are four feet under ground so it’s highly unlikely that there would be any damage that would need fixed.

Robert Denlow – How common is geothermal in this area?

BK – About 80% - it is highly efficient

Robert Denlow – If I were to install this year what would my tax credit be?

BK – I am not an accountant, but I think right now is 26%.

Richard Lintz – The installation is a mess. The drilling is dusty and noisy, which once it’s done it’s done but it’s a mess.

RICHARD LINTZ – MOTION TO APPROVE WITH THE STAFF RECOMMENDATION.

CAROLYN GAIDIS – SECOND

BOARD UNANIMOUSLY APPROVES

HAVING NO FURTHER BUSINESS BEFORE THE COMMISSION, THE MEETING WAS ADJOURNED AT 18:15.

_______________________________ Recording Secretary