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ADDITIONAL CONSIDERATIONS <br />DetailsFunding, Grants and Tax Credits <br />•No impact on levyAnticipated Funding Source: Infrastructure Fund <br />•If awarded, grant would support installation costs. <br />•Decisions will not be announced until late December/early <br />January. <br />•Applied for amount of $8,000 <br />Installing public EV chargers was the proposed project <br />of a submitted application for the Clean Energy <br />Resource Teams (CERTs) Seed Grant this past fall. <br />•Must be placed into service by June 30, 2026 <br />•Credit equals 6% of the cost of the property up to a <br />maximum credit of $100,000 per item (each charging port, <br />fuel dispenser, or storage property). <br />•Must be in a designated low-income or non-urban <br />community based on census tract (only Silver Lake Village <br />project would be eligible) <br />Potential EV tax credit via elective pay: Alternative Fuel <br />Vehicle Refueling <br />Property Credit <br />COUNCIL RECOMMENDATION <br />Staff requests Council’s recommendation <br />and direction on: <br />Whether to accept resident’s offer to donate <br />Level 2 EV chargers to the City. <br />Which location(s) to prioritize for continuing <br />evaluation and obtaining additional estimates <br />If City accepts: <br />SummaryLocations <br />$9,300Silver Lake Village – 2 chargers <br />$10,200Central Park (Veterans Memorial area) – 1 charger <br />$18,350Community Center / Tennis Courts – 2 chargers <br />$20,400Saint Anthony Village Shops – 2 chargers <br />$58,250TOTAL <br />11 <br />12 <br />15