ITEM 5A
Desert Community Energy Board
Meeting Minutes
January 10, 2022
3:00 pm
Held via Zoom videoconference
1. CALL TO ORDER
The meeting of the DCE Board was called to order by Chair Geoff Kors, City of Palm Springs, at 3:00 p.m. via Zoom videoconferencing, pursuant to Assembly Bill 361.
2. ROLL CALL
Roll call was taken, and it was determined that a quorum was present.
Members Present Agency
Councilmember Geoff Kors, Chair City of Palm Springs
Mayor Pro Tem Sabby Jonathan, Vice Chair City of Palm Desert DCE Staff & Consultants
Tom Kirk
Katie Barrows
David Freedman
Liz Barnwell
Erica Felci
Claude Kilgore
Emmanuel Martinez
Jennifer Nelson
Jaclyn Harr
Chris Weber
Don Dame
Others Present
Don Barrett
Heather Horning
Tracy Sheldon
The Energy Authority
The Energy Authority
DCE Consultant
Community Advisory Committee
City of Palm Desert
City of Palm Springs
3. PUBLIC COMMENTS ON AGENDA ITEMS
None
4. BOARD MEMBER / DIRECTOR COMMENTS
Vice Chair Jonathan thanked the Chair and DCE staff for moving the meeting start time to accommodate a schedule conflict.
The audio file for this meeting can be found at: http://www.desertcommunityenergy.org Desert Community Energy Board of Directors
Meeting Minutes – January 10, 2022
Director Katie Barrows introduced two new staff members – David Freedman, Program Manager and Liz Barnwell, Management Analyst -- and provided a brief update on the OhmConnect Thermostat program as well as the distributed energy resources request for proposals.
5. CONSENT CALENDAR
IT WAS MOVED BY MAYOR PRO TEM JONATHAN AND SECONDED BY
COUNCILMEMBER KORS TO:
A. Approve Minutes from Board Meeting of November 29, 2021 B. Affirm the findings still exist, pursuant to Assembly Bill 361, and authorize continuation of remote teleconference/virtual meetings of Desert Community Energy
C. Appoint Don Barrett of Palm Springs to fill a vacancy on the Community Advisory Committee to complete the term ending in August 2023
THE MOTION CARRIED WITH 2 AYES.
Mayor Pro Tem Jonathan Aye
Councilmember Kors Aye
Don Barrett, newly appointed Community Advisory Committee member, shared his goals for participating in the Committee and thanked the Board members for the appointment.
6. DISCUSSION / ACTION
A. Line of Credit with River City Bank – Katie Barrows
Ms. Barrows provided the staff report, which included priorities related to cash flow, the request for proposals process, loan terms and the next steps in the process. Member discussion ensued on the line of credit terms and requirement of a guaranty from the City of Palm Springs.
Prior to the vote, Ms. Barrows noted that minor edits were needed in Resolution No. 2022- 01, removing the 0 from Code Section 366.2 and formatting in paragraph nine, would need to be included in the motion.
IT WAS MOVED BY COUNCILMEMBER JONATHAN AND SECONDED BY
COUNCILMEMBER KORS TO, CONTINGUENT ON THE CITY OF PALM SPRINGS CITY COUNCIL APPROVING THE GUARANTY, ADOPT RESOLUTION NO. 2022-01
WITH MINOR GRAMMATICAL EDITS INCORPORATED, APPROVING A CREDIT FACILITY WITH RIVER CITY BANK IN AN AMOUNT NOT TO EXCEED $8,000,000
AND AUTHORIZING THE EXECUTIVE DIRECTOR, IN CONSULTATON WITH LEGAL
COUNSEL, TO NEGOTIATE AND TAKE SUCH ACTION NECESSARY AND
APPROPRIATE TO FINALIZE AND EXECUTE THE CREDIT FACILTY DOCUMENTS
FOR A REVOLING LINE OF CREDIT CONSISTENT WITH THE TERM SHEET DATED DECEMBER 13, 2022, AND RELATED LOCKBOX AGREEMENTS, INCLUDING AND
EXHIBITS, SCHEDULES, CERTIFICATES, AND ANCILLARY DOCUMENTS
NECESSARY TO CLOSE THE CREDIT FACILITY AND OBTAIN ACCESS TO
FUNDING TO ADDRESS WORKING CAPITAL REQUIREMENTS
Desert Community Energy Board of Directors
Meeting Minutes – January 10, 2022
THE MOTION CARRIED WITH 2 AYES.
Mayor Pro Tem Jonathan Aye
Councilmember Kors Aye
B. Statewide Residential Emergency Load Reduction Program – David Freedman David Freedman provided the staff report.
IT WAS MOVED BY MAYOR PRO TEM JONATHAN AND SECONDED BY
COUNCILMEMBER KORSTO AUTHORIZETHE EXECUTIVE DIRECTOR TO TAKE ANY NECESSARY STEPS TO COORDINATE DCE’S PARTICIPATION IN THE
EMERGENCY LOAD REDUCTION PROGRAM
THE MOTION CARRIED WITH 2 AYES.
Mayor Pro Tem Jonathan Aye
Councilmember Kors Aye
7. INFORMATION
The following items were put in the agenda packet for members’ information :
A. Attendance Record
B. Unaudited Financial Report for July 1, 2021 to October 31, 2021 C. Update on California’s Arrearage Payment Program
Mayor Pro Tem Jonathan requested that future agendas include a comparison of the financials with the annual budget.
8. PUBLIC COMMENT ON NON-AGENDA ITEMS
None
9. ANNOUNCEMENTS
The next DCE meeting will be held February 14, 2022 at 2:30 p.m. via Zoom webinar.
10. ADJOURNMENT
Chair Kors adjourned the meeting at 3:25 p.m.
Respectfully submitted,
Jennifer Nelson
Executive Assistant/Clerk