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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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the Scheduled Term; provided however, that if the Seiler finds a substitute buyer for Buyer's <br />Solar Output, which buyer is satisfactory to Seller in Seller's sole discretion, including without <br />limitation such buyer's creditworthiness, then Buyer shall not be responsible to pay Seller for <br />Monthly Payment Amounts which correspond to Production Months occurring from and after <br />the date Seller and such substitute buyer shall enter into a Solar Production Agreement in <br />regard to Buyer's Solar Output, in the event that this Agreement is terminated by Buyer prior to <br />the end of the Selected Term, the amount due under this Section 9.3 shall be accelerated as of <br />the date of such termination. <br />10. Seller's General Agreements. In connection with this Agreement, Seller agrees that Seller at all <br />times shall perform Seller's obligations under the Program, and that Seller will exercise commercially <br />reasonable efforts to maintain the Program in effect for the Term of this Agreement. <br />11. Buyer's General Agreements. In connection with this Agreement, Buyer agrees that: <br />11.1. Buyer will provide to Utility all applications, documentation and Information required by Utility <br />and otherwise to qualify Buyer to participate in the Program. <br />11.2. Buyer has not transferred, assigned or sold any Interest in the Solar Energy Facility, or in the <br />Production Capacity, Solar Output, Environmental Attributes or Tax Incentives to any other <br />person or entity, and will not do so during the Term of this Agreement. Buyer has not provided <br />to any other person or entity any of the authority granted to Seller under this Agreement and <br />will not do so during the Term of this Agreement. <br />11.3. Buyer has not granted or placed or allowed others to place any liens, security interests, or other <br />encumbrances on the Selected Solar Panels, Buyer's Production Capacity, Solar Output, <br />Environmental Attributes or Buyer's Solar Interest, and will not do so during the Term of this <br />Agreement. <br />11.4. Buyer understands that the Buyer's Production Capacity and Solar Output will vary from time to <br />time based upon solar availability, weather, seasonality, degradation and other conditions, and <br />that the Expected Annual Production of the Selected Solar Panels is an estimate of solar panel <br />capability under ideal conditions, which may not occur. <br />11.5. Buyer understands that Seller has not guaranteed or made any representations or warranties <br />that the operation of the Solar Energy Facility will be uninterrupted or error free, or any <br />minimum Solar Output or Solar Bill Credits shall be obtained. <br />11.6. Buyer agrees to keep its Utility account for the Utility Service Location in active status, and to <br />pay on a current basis such amounts as may be due the Utility in connection with such account. <br />Buyer shall make no claim against Seller or Seller's affiliates or assigns for amounts which may <br />be payable to Buyer from the Utility under the Program or In connection with this Agreement. <br />12. Events of Early Termination. <br />12.1. Material Events. The Term of this Agreement shall be subject to early termination by Seller <br />based upon any of the following events ("Material Events" ),: <br />(a) At such time as the Utility ceases to offer the Program or a comparable substitute. <br />(b) In the event that the Commercial Operations Date has not occurred for the Facility within <br />one year of the Effective Date hereof. <br />12.2. Termination for Material Event. From and after the occurrence of any Material Event, Seiler <br />and Buyer shall each have the right, but not the obligation, to terminate this Agreement on the <br />basis of such Material Event, and any such termination shall be effective upon the date which <br />the party electing termination provides, in accordance with Section 16, written notice of such <br />Page 9 of 17 <br />
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