substation project but he said all right so since our last meeting that we had in april you know we had presented that we had some you know some challenges with casualties want to make sure that you guys were aware of  ties and when they do that process they have to also replace the stone which is the ballast and so that's why that particular section of rail started to move beyond the tolerances that we had expected it's  was easily rectified it was only within an area of about ten feet the project is moving along smoothly at this point we haven't ran across any other major obstacles to to you know  any reason why we won't make our are october date of energy sation the another bit of good news with that too is the application to to take the outage in degree of confidence that you've got to meet that date in order to fully commit and and submit the application because it's a big deal if you don't make the date so we've committed to that so we feel confident that we'll we'll meet our injuries ation date of october late october psych october twenty eighth i think so so that's a bit of good news on that ever sources also increase their involvement with the project and direct management involvement with them with helping us out proactively drive this to the state which is helpful because it's really necessary to have both parties involved because and it's complex when you're when you're connecting and also helpful when we're working with some of the other agencies to go in together as a group helps move things along and smooth out smooth out some of the bumps in the road so that's been working out really well and then  let's see what else we have here i mean overall schedule progress for general public i mean the permanent thing is one hundred percent complete engineering is one hundred percent complete picture woman is ninety nine percent complete and  the construction is seventy five percent complete the last contract that we're going to be putting out to bid is the commissioning contract we're expecting that to be awarded in early in the third quarter of two thousand citizen commissioning is to go through all the final testing and acceptance testing for the line in the in the substation when it's energized at full voltage and then it's accepted into the grid and then the transfer of assets will happen after that is the building completed the building is yes the building is going to be substantially complete june from june one we are going to be we are on on target to have all of the final work done at the substation building by the end of june so that's that's coming along nicely and that's all of the you know the transformers have been installed in the switch gears been installed and  inside of the building you know if all of those components have been assembled to the relays and all the protection equipment so yeah we're pretty excited that that's that's coming along nicely and it's really the last piece which is that last twenty five percent is mostly th they need to remain anonymous it's just someone asked me off about the buildings that are in front of the substation you know running up to brighton road what does belong to the town now what's happening to know the only thing the only property we bought was the twenty four on his road and i believe the other property was twelve even million soon so those those two buildings going to stay that's one when the current ownership will yeah the party will issue you hard well yeah and then if i may even though it doesn't look like we're going to head into the winter again but i remember the last time that there was a difficulty with the m b t a it had to do with flag and i  rack and the property that we need yeah or to finish our deal well right now there's there is there's no there's no issues that are on the radar for you know for any any problems we you know we do have a  you know risk matrix that we put together originally but i don't foresee any any issues everything's moving along very well with the m t a they've last time i was here we were it was it was a dark time for me that's why i wanted to make sure that i communicated that you know but realistically we had some challenges with the design submittals getting the design submittals from the contractor and getting them approved you know by the a and at this point we have one designs submittal left for final approval and that's because we've got it we've got a schedule improvement option on the table for the black pond crossing so we're going to be all before the calm kong over in cambridge to present that other option to them it's a scheduling option improves our schedule so we're going to float that by them and see if they if they like it if they don't like it that's fine with just stay with the one we have but hopefully they like the option that we have them put on the table and through the schedule and that's pretty much it other than that the other ones have been approved and the construction is for moving forward and thank you  know no i have no idea is or how they did or after well of late so you're going to talk a little bit generally try to be try to be as brief as i can about the benefits of electric vehicles generally just to frame the conversation about why we might want to do a program like this in belmont and then i'm going to talk a little bit more specifically about the program or planning on executing here in belmont and take any questions you might have around that the so electric vehicles are  in addition to that there are a lot of benefits to switching your transportation fuel from gasoline to electric so we are highlighting here some of the benefits that you would get to actually having electric vehicle yourself so i'm talking about people might participate in the program and take advantage of the program they're typically going to be a lower operating costs of both fuel and maintenance we have rates here in belmont that are lower than some of our neighbors and  go into a little bit specifically later that can make give you really great ownership costs with little or no upfront cost and then eventually if you're talk about this a little bit later if you have a electric vehicles driving sales in demand overnight and off peak times there's opportunities to either lower or depressed the increase of electric rates for the whole town and that's that's a great great benefit as well the vehicles electric drive trains these these cars have the very silence there's no exhaust well there's some big convenience factors here there's a you never have to go to a gas station you plug it home overnight plug it in when you get home ready to go the next day and they're great for the environment by switching from gasoline to electricity there is about four tonnes of carbon dioxide saved annually for each each each vehicle and that can be as much as twice two times that of a rooftop solar system really excited about that and people have been really happy of that one that one data point that you know ninety six percent of folks that have an electric vehicle myself included are very satisfied with their purchase or lease going to the next slide and the reason that so those are all great reasons for the folks that own them but there are actually significant benefits to belmont white and the rest of the involved in light ratepayers and that comes through from switching from buying gasoline from mobil and british petroleum to buying electricity from belmont light there actually is a you know that creates sales and revenue for melbourne light but it doesn't stop there the fact that people typically charge overnight on off peak hours and our program is designed to encourage that behavior but that's a more due contribution right exactly right so we could be a little bit more but they're there offsetting a much larger gasoline bill with whatever they're paying to build on light so they're going to that the president is saving significant dollars over the paying guests lucy absolutely  great benefit and we really would the bellman light would work with both online and how to drive adoption i would say one of the talk a little bit about the the the potential and the goals of the program so we're going to be looking to engage with folks in that commute less than forty five five minutes and have access to more than one car so that alleviates a lot of the initial objections people have to electric vehicles that i need to you know do long range trips to the mountains or to the cape or have to drive you know hundreds of miles per day so this is a really good use case this commuting for electric vehicles so taking some census numbers we see that there is a target population about fifty two hundred vehicles that we think would be good candidates for look elect there are thirty three electrical rebates that have been issued by the state in belmont so there probably are more electric vehicles than that involved but those are the ones who apply for the rebate so we have a long way to there's  plenty of potential in belmont is the point of the slide we're going to target the addition of two hundred electric vehicles in belmont over this twenty one twenty four month period of the program we're also going to focus on driving some workplace charging stations both  to build awareness of the program to idle a little bit more off peak sales to belmont light and also capture some of those sales from folks that might be driving in from out of town so there's a lot of benefit there so there's two hundred elements and this is really the meat of what we're planning to do here so we're planning to do is we're going to we're going to work with some local dealers and we've already identified some dealers and vehicles and we're going to get people some no haggle pre negotiated thirty six month leases we've chosen a thirty six month lease because of how some of the incentives work the lease companies take the tax credit on behalf of lease season buy down their monthly payment so monthly payments are super low with a thirty six month lease you also qualify for a twenty five hundred dollars rebate from the state so that seems to be the right window for getting people excellent value but also with the technology is evolving for electric vehicles so in three six months might be a good time to upgrade to the next the next generation as well  we're working with so smart charger companies to ensure that the vehicles are not charging during peak hours it will be able to remotely control the load should be no inconvenience to drivers since most people are you know plugging their car in when they get home and driving it the next day they'll be plenty of time for overnight charging and will avoid those coincident transmission peaks that might occur at five or six pm to make sure that were maintaining all of the value that those bring and we're going to work on connecting work employers in belmont to the states workplace charging programs which are generous as well so we're going to in addition to being able to really control and encouraging people to charge overnight we're going to create a reward system to make sure that they have some incentive to you know set their charger one time to so it charges overnight at off peak times and we may have an incentive for them to purchase and install the charger as well that the charging system as well the state has a twenty five hundred dollars vehicle incentive there's fifty percent to twenty five thousand for workplace chargers for the belmont employers and there's actually a program specifically geared towards municipal fleets that provides  seventy five hundred dollars for a purchase or lease of an electric vehicle as well and we plan to engage with with the town to see if there's opportunities for electrification of the fleet as well so we're going to have these products in incentives and sort of this offer and agree process where people can go get it get a great deal without having to haggle with a dealer and then working who are going to combine it with the concept of community based social marketing you've seen this work successfully currently belmont with other belmont go solar program of really activating community groups and institutions to get the word out about this program the research shows that very few people have driven an electric car and we know that same research will show that that's a trance formative experience so we're really going to try to get folks driving cars or we're going to start with the brand of of our client belmont light and we know that they have a great relationship with residen and can can have some influence over people looking into electric vehicles we're going to use that to start working with the town which also has ways to communicate will use the fact that the town is supporting a program to work with institutions in the in the town houses of worship main street businesses and what we really want to lock is the power of citizens people telling their neighbors getting volunteer early adopters who can tell a great story and provide testimonials and that's how we're really going to get the word out and cover over the the last the last flight we had here is just over what our goal is in rome we're going to make it convenient for people to get test drives will be sort of ubiquitous in the community trying to schedule folks for test drives we've got commitments from dealers to do door to door test drive so you instead of having to visit the dealership will drive the car to your door you take it for a test drive and then they take it with them so that should be very convenient for belmont residents to say yes to this and we really confident once people understand that unlike the perception that electric cars are slower worser more expensive they're actually cheaper and better than their gasoline counterparts are really excited to be able to deliver that message while people are driving it driving their vehicles and understanding that for themselves  so that is the one thing that we're going to we're going to need and we'll be working with the community to generate is volunteers to help spread the word we know that the most successful campaigns will have citizen support and volunteers helping us spread the word about electric vehicles and generate all these benefits for the for individuals and for the town so we have a couple ways to sign up we can e mail energy resources that belmont light to express interest or ask questions and then you can actually there's a brief survey very if i may when i read the agenda item ok i expected a very different presentation than i expected that we were going to hear that we're going to put charging stations in belmont center and in waverly square and  municipal lot so that people can come in and take advantage of that resource people who come in from the outside and local people who don't have charging stations they could otherwise access yes but what i'm hearing here is this is like th solar campaign this is going out and recruiting private customers to go out and buy electric cars buy or lease this is creating yes it's creating a need right and it's also it's a common reduction no i understand the benefits but so belmont light is engaging in a campaign to get private individuals to buy electric cars  energy committee working on solar panels ok and that was from based on direction from the light board and the board of selectmen ok and they partnered with a group of private residence and they work together and it actually turned out to be a private initiative that's not a town initiative for liability purposes town council said you know you don't want to be sued if a solar panel explodes or or one falls off or rule four  or something but what i hear is belmont light is engaging in a campaign to get private citizens to buy electric cars and this is endorsed by the town is that is that the idea i mean you're here to get our endorsement and to say so you can go to people and say you know this is under the direction of the town that we want you to buy an electric vehicle homelite is incentiv and the where can switch put belmont lights concern is i would like to understand the nature and use the nature of the chargers not the not the vehicles the vehicles live in ice is an added benefit i think the perfectly agree with that yeah yeah it's the chargers and the reason for the smart charges versus the basic charger if you will is the smart charger has intelligence built in so that we would be able to have access to it and control it and also be able to  you know help them to use it after hours right and so we need that intel we need that information to load management is very important because of the capacity costs that we have for our for i totally support that but it's a it's a  concern for from a belmont lite perspective that our if the if the folks come home from work and they plug their vehicles in this thirty of them in town we don't know where they are so they come home from work and they plug their vehicle in it at our peak during off peak hours it's going to drive up our p costs which everybody all the rate payers pay yeah so we looked at this program looking at this for almost a year now and it's been going on nationwide mostly out west it's now coming to new england  and a lot of the other municipals are taking interest in quite frankly our program that we've been talking about because these guys also talk to other municipal so it's mostly good towards load management so that we can make sure that we can shave our peak and as you can it's great for it's a great benefit for this for the society as well because most of the most of the residents in this town are concerned with climate action you know climate change and that's the main driver for a lot of our energy efficiency programs is in addition to our other energy efficiency programs like the heat pump which is also you know we we went to private residence and we said hey you know you put this heating system in your house will give you this rebate so it's very similar program to that is what we're you know if you buy electric car you have to put a charger in your home this is the charger we recommend if you buy this charger will you know will set device you so it's similar to the heat program the grant program that we got from the state so it's kind of a line in line with with with that that logic yeah i totally support electric cars ok i do and i totally support almost like helping to incentivize make it more convenient for people to use electric cars either by installing you know charging stations on municipal lot sit in our may it's very similar to what we've done with whether as a shouldn't he it's just making it it's a we're raising awareness of the product and then making it really easy for people to take advantage of the incentives that exist so where as with we would you know found contractors willing to do  insulation folks willing to do energy assessments and installs we're just finding dealers that are going to give people a you know streamlined process so and then the rest of us just educating folks about the benefits of electric vehicles it's very important and proper  think the way the make the program successful for bell on light is to create a streamlined process for people to take advantage of their program i want lights paying you to implement this so you're paying them to get consumers and dealers to get that's not the yet we're more of the chargers are both private homes and then the other the other big winner on electric vehicles is as has been is the workplace because what happens with electric vehicles is the you have the range anxiety that people experience when they  in and that is not during your peak time of day which is fantastic because that power gets used efficiently right and then when people get home from work you know you want to try to encourage them to do that after hours after the peak which is between five and eight pm and and if they do that that helps too it helps to reduce our cost our for our for capacity and also you know reduces t carbon i agree that's all very good as all the all of the you can plants that that produce electricity during that demand are usually the dirtiest plant so it's great for it's great for the greenhouse gas initiative which every state is dealing with i agree so that's kind of a my only concern is th town indorsing dealers and that's not but you know i think to provide education on tax credits and these are dealers you can contact you know on your oh yeah that's pretty much what we're doing the educational component i think that's a good thing yes and you know and the intent was you know quite frankly was you know we really wanted to you know the process for us as said ok we've got this great program this is this is not only is it a new revenue stream for belmont light but it's also a huge you know carbon reduction for for the environment and it just helps it helps belmont and i think it i think it highlights the stewardship that the we signed on you know as a green community was to look at the town up painting you know either hybrid or electric cars you see the factory and you know you're research can certainly help the town from that of i guess research before they put it in and it's underutilized which doesn't do anybody any good so strategically locating them is very important and so if it's in your home you going to use it and then if you get certain workplaces that these guys have questions kind of along the same line that the family was asking jim and it would be fair for us to know the size of this contract was say to him yeah to their contract ok yeah but that's what i'm getting this is part of the energy efficiency right there and that's something that you can do oh absolutely yeah yeah you can and then as i'm as i'm hearing this it's it's more to load management which is a defensive strategy rather than a than a revenue strategy foods right i've heard you talk about this before you know it's coming and the question is how are we going to do it  and just what it is actually in the end they can do it during the daytime tip so you know it's interesting that way in this is a more general question and that is that do you expect  gas stations or electric stations to to be licensed in belmont the way gasoline stations are licensed to do this or does it take too much time to charge the vehicle that's a very good question  i i guess where i'm coming from is there going to be a commercial there is going to be to provide the charge well right now i haven't heard of that what they have what what's been out there is that one watch leave their car and at night and use it during the day maybe the plug in at work so we'll do some part of the state instead of just if the town decides to electrify part of its fleet will be no cost installation of some public chargers so we'll do that to build awareness and we'll work with the committed to see where you sit where they where they were where they're located there is an opera there are a couple companies that do have d c fast chargers which you can get you know eighty percent of your charge in fifteen or twenty efficiency program that we're rolling out in addition to the to begin to ask you for your point of view please if you don't mind shoots steve kornacki you know right there i have a lot of thoughts i mean i think the initial one is i think what mr big daddy was sammy was saying was that this is a lot to be presented with there are a lot of numbers there are a lot of facts and figures and not withstanding the fact that everybody likes the idea of electric vehicles likes  of getting your butt out of the atmosphere it is i mean if if i'm sitting sitting here and hearing this for the first time which i am which is phones that's for them it's just a lot to think through and you know as part of the white board advisory committee and obviously we haven't met we haven't talked about this but there are a lot of numbers there that i'd like to look at the numbers i'd like to hear more about how the peak shaving i'm not sure exactly how it's shaving the peak  so there's you know some technical things around it it is probably fine sage well as a great outfit and i'm sure they've found a good plan but it's a lot or other towns doing this what has their success and then the other question is have you already engaged the seat well to do this or is there a decision for us to make i don't know i'm already working with them on their work on this as well as many other projects but this is th together for all of the energy for c programs you know it's never got present little bit of money difference that you know in this new role that you're assuming to be great for you to come at the next meeting or perhaps after that and present to us you know in i think jim you and i thought that maybe the best path forward is to actually do it where you do or suffer a view and we have form similar that we did similar to what we do  colleagues and then we can have a meeting in june to the way you does that make sense that's fine sure i can do that you have a form that that you say have a i do have it on that i use i use for your your employees are right now you have on the use of my employees and we get on a regular schedule that makes sense and i think one of the things we should do as well that we year in and year just check in quarterly and we should do that with there is well we don't do that so so busy but i think any employee carmen jim i think at the last mean yes and april we discussed we agreed that we would stop segregating these funds into the open have trust fund whatever separate fun a couple of folks from the from an audit committee including good in florida yeah and we had the auditor jim glenn and our legal counsel of all the foskett and we reviewed you know some of the complications if you will about moving money around based on the motion that was that was voted on so where we are today is that we did locate the meeting minutes through  i don't know did you find those on your own just a treasure these many minutes from two thousand and eight did you find those from the clerk or t transferred to the towns of the b m l d s opap special purpose stabilization fund any interest or any income generated by the fund shall be added to and become part of the fund so they referred to it as a fund in this y and we need to understand whether that go right so it might be i don't know if it's fun to contribute up to that point to mean should we need right so it's kind of what it looks like i think i think two things happened at the permanent vote and then jim said oh we do that we have to run for three and a half million through the income statement so in other words in order to get the three and a half million that's in the account into the rate stabilization fund which we all thought was the fair way to do it if it had not been approved for open yeah you know that would that would be the right thing to do because then that still benefits the rate that the retractors is a however things you however in order to do that you have to run it through the income state reserve you reduce your expenses by transferring cash from reserve you know back like you're reducing expenses something on the band now and that's why when hugh reserve it you show it as a part of your expense that's what you of my life billet count which is the rate stabilization fund and credit cash and there's no piano impact at that time that's what jim would say to me there's no pete there's no expense that's recorded by doing that i am using those cash for don't have that right yet but back in the day you know when this was all going on back in two thousand and eight and a lot of us think a lot of the traffic people with talking about rates stabilization funds shock and so that's it's common i think that i get it so but as far as that goes i mean i don't know if it stabilization fund it was put set aside can we send that vote that's my point on all but you know i don't know either but i don't like the i think i think it's possible that if we don't want to do it going forward you know we could say i think that's all checked and you couldn't find anything in the in the like we couldn't find a note there so now this has come up in then and now that generates the questions that you have more and they need to be answered right we can mean i don't go back to reality i mean i am delighted that former member of am lab was able to produce these minutes but my other question is how many other minutes are missing we can and why we're members of  was proposing because we didn't know that these notes existed and we also didn't know that in order to get the funds into the rate stabilization fund we would have to run it through the income statement which we don't to motion to suspend the vote that we took at the able to any first meetings in regards to the movement of the trust fund proceeds so move until we get further information until we touch with jim on the executive session matter we have the minutes from becker gave us was one respect i said i don't think it was a chair in march i'm sure thank you thanks  i guess the boat was about six million dollars additional funds that we have because when we went out for the original bonding for long term for the substation project we bonded twenty six one right so when we went along for that that's a week that's what we had at the time that's what we thought the split was of assets between the two entities between every source and belmont life so we went twenty six point six one long right and nontaxable so as a result and we've gone through a few times but never the twenty seven six is for the transmission line well transmission line as you know came in a little bit more expensive than that so some of the funds that were earmarked well actually the cost allocation split between the two entities or the two substation in the transmission line shifted so that our costs were reduced and that's in our monthly reports that that that that diagram and it's our cash flow but our lights costs were reduced below the twenty six one that became  what that means it translates to about a six million dollars of capital funding that we have that would be used for retirement of the substation project as a we cleared this through the treasurer's office at that time where all those funds can be used for funding the retirement of of this for fifty copied out and that's kind of what what that what that is right and i think jim's point i think jim correctly from wrong is was that cleared through bonbon council and is that all is ok no doubt or it wasn't so much that the the total project fifty three point seven was twenty six one in twenty seven six short yeah yeah because we thought that we were going to end up with twenty six point one in long term asset absolutely ok right so then in pursuit of the project yes in the normal course of business yes that has turned out not to be the case right and so money has been spent on ever source assets correct in in this and now ever source in addition to be reimbursing us for the twenty seven six which was the short term but there will be another amount that's that they'll be reimbursing us for the twenty six point one right and floyd i think you need going to pick up an additional six million dollars of of assets and a light project discussions with jim palmer i've suggested we should take that six million dollars we've got it's got to be some upgrades to the system so instead of going out bonding some additional money going to town meeting let's use this additional revenue that we're getting from ever saw us to take care of those  because of cost overruns on our part it was cost allocation what it was was when we pushed we're splitting the cost of the substation and the transmission line over transferring assets at the time the cost allocation split between belmont lights assets and every source assets were roughly twenty six one twenty seven six that shifted over time because as we started getting into a more detailed financial breakdown you will be helpful to know you just sooner for some reason just gentlemen just an agreement is a once a month we want to meet or place a month or he just gave us states right rebecca and i think i think all of the dates align through june so we can either choose the thirteenth or the twenty seventh and since it's the twenty third perhaps we should have one reason both of those dates i believe yet would have shown thirteen is potentially before the hellhound and that's when we plan on the twenty seventh and jim let's plan on your review that box of tissues to your reviews we'll get that done jim very it's important so with that if we could just go in for just three or four minutes just get an update on something that's difficult places like department i have a motion to go into executive session electric vehicle program