Title
Approval of a Resolution Authorizing a Solar Energy Rooftop Lease Agreement Between the City of Olympia, Hands On Children's Museum and Olympia Community Solar
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve a resolution authorizing a solar energy rooftop lease agreement between the City of Olympia, Hands On Children's Museum and Olympia Community Solar.
Report
Issue:
Whether to approve a resolution authorizing a solar energy rooftop lease agreement.
Staff Contact:
Rich Hoey, P.E., Public Works Director, 360.753.8495
Presenter(s):
Rich Hoey, P.E., Public Works Director
Patty Belmonte, Executive Director, Hands On Children's Museum
Matt Booth and Mason Rolph, Olympia Community Solar
Background and Analysis:
Olympia Community Solar, a 501(c)(3) non-profit, recently approached the City and the Hands On Children's Museum (HOCM) to request approval of a rooftop lease for installation of a community solar project on the HOCM roof. The City of Olympia owns the HOCM building shell, while HOCM operates the museum and is responsible for utility costs.
Under the proposed agreement (attached), the City and HOCM would grant Olympia Community Solar (OCS) a 15-year lease to install and maintain solar equipment on the HOCM roof. If OCS does not recoup the solar equipment costs during the 15-year lease term, OCS can request up to a 5-year extension of the lease. OCS will only recoup the cost of installation, maintenance and administration of the solar equipment and not receive any profit.
As a community solar project, OCS will be seeking community support to fund the project. Since the project is dependent on future fundraising, the agreement will terminate at the option of HOCM after two years if OCS has not completed installation of the solar equipment.
During the lease term, OCS would be responsible for all costs of installing and maintaining the solar panels. This inc...
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