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Resolution 2016-54
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Resolution 2016-54
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Entry Properties
Last modified
1/26/2023 11:51:12 AM
Creation date
11/2/2016 9:52:28 AM
Metadata
Fields
Template:
City Council Records
Also Known As (aka)
CEC Capacity Commitment Agreement 1000kw Approval
Doc Type
Resolution
Ord/Res - Year
2016
Ord/Res - Number
54
City Property Name
Properties Solar
Project Name
Solar Photovoltaic
Cross-Reference
Solar Lease Purchase
Original Hardcopy Storage
7D6
Quality Check
3/7/2017
Supplemental fields
Test
RES 2016-54
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CAPACITY COMMITMENT AGREEMENT <br />This Capacity Commitment Agreement (the "Agreement") is effective as of 1n. 1 , 2016 <br />(the "Effective Date"), by and between Clean Energy Collective, LLC, a Colorado limited liability company <br />(the "Company") and the City of Louisville, CO ("Customer"). Company and Customer are collectively <br />referred to herein as the "Parties" and individually as a "Party". <br />WHEREAS, the Company is a Solar Service Provider in the business of developing Solar Energy <br />Facilities that generate solar electricity that is sold to utilities in return for utility bill credits; <br />WHEREAS, Xcel Energy (the "Utility") has awarded to Company the right to develop certain Solar <br />Energy Facilities in connection with the Utility's Solar Rewards Community Service program, whereby <br />customers may sell generated solar electricity in retum for utility bill credits issued by the Utility ("Solar <br />Bill Credits"); <br />WHEREAS, Customer desires to commit to purchase from Company total nameplate production <br />capacity of 1 MW in one or more of Company's Solar Energy Facilities (the "Customer Commitment"), <br />as such capacity becomes available and allocated to Customer in accordance with this Agreement; <br />WHEREAS, each such allocation shall be purchased pursuant to the terms of the agreement <br />attached as Exhibit A (the "Solar Production Agreement"), and incorporated herein by reference; <br />WHEREAS, Company desires to sell such Production Capacity to Customer as capacity becomes <br />available pursuant to the terms and conditions of such Solar Production Agreement; <br />NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are <br />hereby acknowledged, the Parties agree as follows: <br />1. Defined Terms. If not defined in this Agreement, capitalized terms shall have the meanings set <br />forth in the Net Metering Agreement, unless a different meaning is clearly indicated by the <br />context. <br />2. Term. Company shall have three (3) years from the Effective Date of this Agreement (the <br />"Fulfillment Period") to allocate up to 1 MW of nameplate Production Capacity in Company's <br />Solar Energy Facilities to Customer, after which time, Company shall not be obligated to allocate <br />and Customer shall not be obligated to enter into any further Net Metering Agreements with <br />respect to the Customer's Commitment, provided however that the rights and obligations of <br />each Solar Production Agreement executed by the parties thereto shall be unaffected by the <br />expiration of the Fulfillment Period <br />3. The Allocation of Capacity. During the Fulfillment Period, Company shall allocate to Customer <br />from time to time up to 1 MW in aggregate nameplate Production Capacity in various Solar <br />Energy Facilities, by providing to Customer one or more agreements regarding such allocation <br />substantially in the form of the Solar Production Agreement attached hereto. The Seller under <br />each such Agreement may be Company or a Company affiliate, as determined by Company. <br />Customer shall execute such agreement(s) within ten (10) days of receipt thereof. Customer <br />accounts that are eligible to receive Net Metering Credits are listed in Exhibit B. Customer <br />1 <br />
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