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2019-01 - Purchase Agreement with Enerlogics Solar LLC
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2019-01 - Purchase Agreement with Enerlogics Solar LLC
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Last modified
11/12/2019 9:53:54 AM
Creation date
11/12/2019 9:06:37 AM
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Office Of Council
Document Type
Resolutions
Number
2019-01
Date Adopted
11/4/2019
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System Removal Payment Schedule (as defined in Section 3 of Exhibit 1): <br />Contract Year Equipment Removal Fee at <br />End of Year ($) <br />10 <br />$112,455 <br />11 <br />$103,721 <br />12 <br />$94,506 <br />13 <br />$84,785 <br />14 <br />$74,529 <br />15 <br />$63,709 <br />16 <br />$52,294 <br />17 <br />$40,251 <br />18 <br />$27,545 <br />19 <br />$19,284 <br />20 <br />$14,646 <br />21 <br />$11,716 <br />22 <br />$9,373 <br />23 <br />$7,498 <br />24 <br />$5,999 <br />25 <br />$4,799 <br />26 <br />$3,839 <br />27 <br />$3,072 <br />28 <br />$2,457 <br />29 <br />$1,966 <br />30 <br />$1,572 <br />6. Buyout Option Price Schedule (Exhibit 3, Section 14(b)): <br />After Anniversary <br />Buyout Option Payment <br />5" Anniversary <br />$222,750 <br />10i1 Anniversary <br />$206,650 <br />151h Anniversary <br />$186,300 <br />20" Anniversary <br />$141,750 <br />251h Anniversary <br />$81,000 <br />30h Anniversary <br />$21,600 <br />7. Projected production values assuming average weather conditions: <br />Contract Year <br />Annual kWh (Projected <br />Annual Generation) <br />Pre -Adjustment Guaranteed <br />Annual KWh (80% of <br />projectedgeneration) <br />Year 1 <br />209,056 <br />167,245 <br />Year 2 <br />208,011 <br />166,409 <br />Year 3 <br />206,971 <br />165,577 <br />Year 4 <br />205,936 <br />164,749 <br />Year 5 <br />204,906 <br />163,925 <br />(7794548:) SEIA C&I PPA, version 2.0 <br />
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