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7.3. EDSR 12-18-2023 Request for Action To Item Number Economic Development Authority 7.3 Agenda Section Meeting Date Prepared by General Business December 18, 2023 Brent O’Neil, Economic Development Director Item Description Reviewed by Electric Vehicle Charger Stations Mark Hanson, General Manager - ERMU Reviewed by Cal Portner, City Administrator Action Requested Item presented for information and discussion purposes. Background/Discussion For several years Elk River Municipal Utilities (ERMU) has owned and operated multiple charging stations in Elk River which provide options to charge an electric vehicle (EV). Since their installation in Elk River, technology has advanced, new chargers have increasingly been installed and provided by other entities, and home charging is more prevalent. As more charging options are available, ERMU has determined it will reduce the number of chargers it provides in Elk River, including the two chargers present in the King Avenue parking lot downtown. Prior to their removal from service ERMU has inquired whether the EDA has an interest in taking possession of the downtown chargers and continuing to operate them. Among financial considerations for the EDA would be the monthly communication connectivity charge, cost of actual electricity used, and factors such as maintenance and insurance. The fee charged to use the stations is set by the owner and offers a revenue component as well. The current license agreement runs through 2025. A representative of ERMU will be present to discuss further. If the EDA is interested, staff would work further on a transfer and operation plan with ERMU and bring it to the EDA for consideration at a future meeting. If the EDA is uninterested, ERMU intends to remove the stations in the coming weeks. Financial Impact N/A Mission/Policy/Goal Support energy-related initiatives and innovation. Attachments  Exhibit of Downtown Parking Lot Charging Stations The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity. Updated: January 2023 3 4a mom .a m (yr o_ ca