R2024-352 Resolution Authorizing a Third Amendment to Intergovernmental Cooperation Agreement with Decatur Metropolitan Exposition, Auditorium and Office Building Authority Regarding Solar Canopy Projects

Home Browse Search

OFFICE OF THE CITY MANAGER DATE: November 18,2024 TO: Mayor Julie Moore Wolfe and City Council Members FROM: Tim Gleason, City Manager Jon Kindseth,Deputy City Manager SUBJECT: Resolutions Authorizing a Third Amendment to the IGA with the Decatur Civic Center and Authorizing the Sale of the Civic Center Solar Project to Green Bridge. RECOMMENDATION: It is recommended by staff that these two items be approved as presented. BACKGROUND: In 2022,the city and the Civic Center allowed for a behind the meter solar project to be built on the Civic Center parking lot for our shared use. The Contractor selected for this project was Hawk-Attollo. The 2nd amendment with the Civic Center specifically authorized this contractor to build and own the solar project. Additionally,the City Power Purchase Agreement (PPA) is between Hawk-Attollo and the City. Any transfer of ownership of the solar project requires approval of both governing bodies. Hawk-Attollo has almost completed the Civic Center solar parking canopy project which includes more than 2500 solar panels on six separate canopies. The cost to build and develop the project cost more than$3.5 million for the contractor and they desire the ability to sell the project and assign the PPA to another company. This will allow the contractor to free up this capital to be able to undertake the next two projects (Library and William Street Pump Station)that the city staff is recommending awarding to Hawk-Attollo. Our energy consultant CQI and city staff have conducted our due diligence on the proposed buyer of the system, and we believe Green Bridge to be a strong financial partner capable of this type of project ownership and PPA administration. Staff recommends and believes as transfer of ownership to Green Bridge is in the best interest of the city and the Civic Center. All other terms and conditions of the PPA will remain unchanged with the transfer of ownership. Additional information about Green Bridge Corporation is attached. POTENTIAL OBJECTIONS: Staff is not aware of objections. INPUT FROM OTHER SOURCES: CQI&Associates &Decatur Civic Center staff. STAFF REFERENCE: Should the City Council have any questions,they may contact Jon Kindseth,who will also be at the City Council meeting.