HomeMy WebLinkAbout118-2012RESOLUTION NO. 118-2012
AUTHORIZING THE TOWN MANAGER TO EXECUTE A POWER PURCHASE
AGREEMENT WITH PREPAY FOR THE FINANCING AND CONSTRUCTION OF
CAPITAL IMPROVEMENT PROGRAM PROJECT A -531- SOLAR
PHOTOVOLTAIC SYSTEM AND APPROPRIATE $1,274,579 FROM THE CAPITAL
IMPROVEMENT PROGRAM GENERAL PURPOSE REVENUE ACCOUNT
WHEREAS, the Town of Danville prepared the 2012113 through 2016117 Capital
Improvement Program (CIP); and
WHEREAS, the Town Council approved the Solar Photovoltaic System Project (A -531)
and directed that a proposal be obtained for installation of the energy system; and
WHEREAS, on April 10, 2012 proposals were reviewed and evaluated pursuant to
Section 4217.16 of the California Government Code for the financing of solar
photovoltaic electric generating equipment; and
WHEREAS, pursuant to Section 4217.13 of the California Government Code for the
financing of solar photovoltaic electric generating equipment certain findings must be
made; and
WHEREAS, a noticed public hearing was held as required by Section 4217.13 of the
California Government Code; and
WHEREAS, sufficient funds for the proposed project are contained within the CIP
General Purpose Revenue; and
WHEREAS, the Town Council wishes to enter into a facility financing contract and a
facility ground lease on terms that are in the best interest of the Town of Danville at the
four sites shown in Exhibit 1, hereby made a part of this resolution; now, therefore, be it
RESOLVED, that the Danville Town Council has determined that the facility financing
contract and facility ground lease for Project A -531 - Solar Photovoltaic System is in the
best interest of the Town of Danville; and, be it further
RESOLVED, that the Danville Town Council finds that funds for the repayment of the
financing of the energy conservation facility are projected to be available from the
revenues resulting from the sales of electricity from the solar facility or from funding
that would otherwise have been used for purchase of electrical energy required by the
Town of Danville in the absence of the energy conservation facility; and, be it further
RESOLVED, that the Danville Town Council hereby appropriates $1,274,579 from CIP
General Purpose Revenue; and, be it further
RESOLVED, that the Danville Town Council directs the Town Manager to execute a
solar power purchase agreement (facility financing contract and facility ground lease)
with SolarCity Corporation, 3055 Clearview Way, San Mateo, California.
APPROVED by the Danville Town Council at a regular meeting on September 4, 2012,
by the following vote:
AYES: Arnerich, Storer, Stepper
NOES: None
ABSTAINED: None
ABSENT: Doyle
A OVED AS TO FORM:
A
CITY ATTORNEY
PAGE 2 OF RESOLUTION NO. 118-2012