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HomeMy WebLinkAboutCORRESPONDENCE - RFP - 7556 COMMUNITY SOLAR GARDENCity of Fort Collinschasin Purg LETTER OF TRANSMITTAL To: Darin Atteberry, City Manager Wanda Nelson, City Clerk From: Gerry S. Paul Ox Director of Purchasing & Risk Management Date: May 5, 2014 Financial Services Purchasing Division 215 N. Mason St. 2n" Floor PO Box 580 Fort Collins, CO 80522 970.221.6775 970.221.6707- fax fcgov, com/purchasing Re: 7556 Community Solar Garden — Power Purchase Agreement Attached for your review and execution is the Power Purchase Agreement between the City and Clean Energy Collective LLC (CEC) for the City's first community solar garden. CEC will develop, operate and maintain the solar garden on City property leased back to CEC. Key provisions of the agreement include: - Primary site location under consideration 500 Riverside (Pickle Plant Site) - Initial term 25 years with options for two (2) five (5) term extensions - Facility capacity 660 kW DC; Phase 1 333 kW DC - City will fund $500,000 (333 kW) of solar rebate incentives for participating Customers at a rate of $1.501W DC, capped at 3 kW ($4,500) per residential customer and 10 kW ($15,000) for GS and GS25 commercial - The City funding is including in the 2014 Utilities budget appropriation - The City will earn all Green Attributes/RECs - CEC will contract directly with participating citizens This agreement is sponsored by Utilities (John Phelan and Norm Weaver) and was developed in close collaboration with the City Attorney's Office (Cyril Vidergar). Darin, please sign the contract document and forward to the City Clerk. Wanda, please call Purchasing, Gerry will come over, sign and initial the contracts.