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Ordinance 2015-1695
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Ordinance 2015-1695
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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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Section 7.01. Title to the Leased Property 15 <br />Section 7.02. No Encumbrance, Mortgage or Pledge of Leased Property 15 <br />ARTICLE VIII <br />MAINTENANCE; TAXES; INSURANCE AND OTHER CHARGES <br />Section 8.01. Maintenance of the Leased Property by the City 15 <br />Section 8.02. Taxes, Other Governmental Charges and Utility Charges 16 <br />Section 8.03. Provisions Regarding Liability, Property and Worker's Compensation <br />Insurance 16 <br />ARTICLE IX <br />DAMAGE, DESTRUCTION AND CONDEMNATION; USE OF NET PROCEEDS <br />Section 9.01. Damage, Destruction and Condemnation 17 <br />Section 9.02. Obligation of the City to Repair and Replace the Leased Property 17 <br />Section 9.03. Insufficiency of Net Proceeds 18 <br />Section 9.04. Cooperation of the City 18 <br />Section 9.05. Condemnation by the City 19 <br />ARTICLE X <br />DISCLAIMER OF WARRANTIES; OTHER COVENANTS <br />Section 10.01. Disclaimer of Warranties 19 <br />Section 10.02. Further Assurances and Corrective Instruments 19 <br />Section 10.03. Compliance With Requirements 19 <br />Section 10.04. Tax Covenant of City 20 <br />Section 10.05. Reserved 20 <br />Section 10.06. Immunity and Indemnification 20 <br />Section 10.07. Access to Leased Property 20 <br />Section 10.08. Audited Financial Statements 21 <br />ARTICLE XI <br />PURCHASE AND CONVEYANCE OF THE LEASED PROPERTY <br />Section 11.01. Purchase Option 21 <br />Section 11.02. Conveyance of the Leased Property 21 <br />Section 11.01. Transfer of Leased Property At City's Option at End of Scheduled <br />Lease Term 21 <br />ARTICLE XII <br />ASSIGNMENT AND SUBLEASING BY CITY 22 <br />ARTICLE XIII <br />EVENTS OF DEFAULT AND REMEDIES <br />Section 13.01. Events of Default Defined 22 <br />Section 13.02. Remedies on Default 23 <br />Section 13.03. Limitations on Remedies 24 <br />ii <br />4812 -2161 -1294 9 <br />
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