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R2022-161 Resolution Authorizing Agreement with Hawk-Atollo for Power Purchase Agreement Regarding Solar Canopy Project
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R2022-161 Resolution Authorizing Agreement with Hawk-Atollo for Power Purchase Agreement Regarding Solar Canopy Project
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Last modified
1/24/2023 5:05:18 PM
Creation date
10/7/2022 9:49:20 AM
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Resolution/Ordinance
Res Ord Num
R2022-161
Res Ord Title
R2022-161 Resolution Authorizing Agreement with Hawk-Atollo for Power Purchase Agreement Regarding Solar Canopy Project
Department
City Manager
Approved Date
10/3/2022
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DocuSign Envelope ID:221D6B40-33AE-4186-BC60-E598F733ACF1 <br /> Exhibit A <br /> POWER r rAGREEMENT ("P <br /> r <br /> Exhibit 1 <br /> Basic Terms&Conditions <br /> 1. Term: Fifteen(15)years, beginning on the Commercial Operation Date. <br /> 2. Additional Terms: Up to two(2)Additional Terms of five (5)years each. <br /> 3. Environmental Incentives, Rebates&Attributes: Incentives Accrue to Seller,Attributes to Utility <br /> 4. Prepayment Option (See Paragraph 16 for Purchase Option): $N/A <br /> 5. Contract Price(per kWh)/Annual Escalator:$.0364/1.7%.Starting in year two (2),an annual <br /> charge$4,500, a "Rate Recovery Fee",will be applied on the first day of the corresponding year. <br /> The year two charge will be due effective day one of year two. <br /> Contract Year $/kWh <br /> 1 .0364 <br /> 2 .0370 <br /> 3 .0376 <br /> 4 .0383 <br /> 5 .0389 <br /> 6 .0396 <br /> 7 .0403 <br /> 8 .0410 <br /> 9 .0417 <br /> 10 .0424 <br /> 11 .0431 <br /> 12 .0438 <br /> 13 .0446 <br /> 14 .0453 <br /> 15 .0461 <br /> Page 4 of 52 <br />
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