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Ordinance 2015-1695
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Ordinance 2015-1695
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Entry Properties
Last modified
1/26/2023 11:51:12 AM
Creation date
7/15/2015 11:17:43 AM
Metadata
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Template:
City Council Records
Also Known As (aka)
Authorizes Lease Purchase Financing with Alpine Bank CEC Lease Purchase 146 kw Solar Panels 2015
Doc Type
Ordinance
Ord/Res - Year
2015
Ord/Res - Number
1695
City Property Name
Properties Solar
Project Name
Solar Photovoltaic
Cross-Reference
Solar Lease Purchase
Alpine Bank_CEC Clean Energy Collective
Original Hardcopy Storage
Lease and Lease Purchase Agreement (book) is in the PD Court Basement Cage #1 on the Desk Work Table
Quality Check
3/7/2017
Supplemental fields
Test
ORD 2015-1695
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TABLE OF CONTENTS <br />Page <br />ARTICLE I <br />DEFINITIONS <br />Section 1.01. Terms Defined in Preamble and Recitals 2 <br />Section 1.02. Additional Definitions 2 <br />ARTICLE II <br />REPRESENTATIONS, COVENANTS AND WARRANTIES <br />Section 2.01. Representations, Covenants and Warranties of the City 6 <br />Section 2.02. Representations, Covenants and Warranties of Alpine Bank 7 <br />ARTICLE III <br />DEMISING CLAUSE; ASSIGNMENT OF RIGHTS UNDER CEC AGREEMENTS; QUIET <br />ENJOYMENT <br />Section 3.01. Lease of Leased Property 8 <br />Section 3.02. Assignment of Rights under CEC Agreements 8 <br />Section 3.03. Enjoyment of Leased Property 8 <br />Section 3.04. Representations and Covenants of Alpine Bank Relating to CEC <br />Agreements 9 <br />Section 3.05. Inspection and Access Rights of Alpine Bank 9 <br />ARTICLE IV <br />LEASE TERM <br />Section 4.01. Duration of Lease Term; City's Annual Right to Renew Lease 10 <br />Section 4.02. Termination of Lease Term 11 <br />ARTICLE V <br />ACQUISITION; USE OF CERTAIN FUNDS 11 <br />ARTICLE VI <br />PAYMENTS BY THE CITY <br />Section 6.01. Payments to Be Paid From Currently Budgeted Expenditures of the <br />City 11 <br />Section 6.02. Base Rentals and Additional Rentals 12 <br />Section 6.03. Interest Component 13 <br />Section 6.04. Manner of Payment 13 <br />Section 6.05. Expression of City's Need for the Leased Property 13 <br />Section 6.06. Nonappropriation 13 <br />ARTICLE VII <br />TITLE TO THE LEASED PROPERTY; LIMITATIONS ON ENCUMBRANCES <br />4812- 2161 -1294 9 <br />
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