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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 />to <br />$162,435 <br />11 <br />$149,819 <br />12 <br />$136,509 <br />13 <br />$122,467 <br />14 <br />$107,653 <br />15 <br />$92,024 <br />16 <br />$75,535 <br />17 <br />$58,140 <br />18 <br />$39,788 <br />19 <br />$27,854 <br />20 <br />$21,155 <br />21 <br />$16,924 <br />22 <br />$13,539 <br />23 <br />$10,831 <br />24 <br />$8,665 <br />25 <br />$6,932 <br />26 <br />$5,545 <br />27 <br />$4,437 <br />28 <br />$3,549 <br />29 <br />$2,839 <br />30 <br />$2,271 <br />6. Buyout Option Price Schedule (Exhibit 3, Section 14(b)): <br />After Anniversary <br />Buyout Option Payment <br />5" Anniversary <br />$321,750 <br />10" Anniversary <br />$298,350 <br />15' Anniversary <br />$269,100 <br />20 Anniversary <br />$204,750 <br />25' Anniversary <br />$117,000 <br />30h Anniversary <br />$31,200 <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 <br />304,588 <br />243,670 <br />Year <br />303,065 <br />242,452 <br />Year 3 <br />301,550 <br />241,240 <br />Year 4 <br />300,042 <br />240,034 <br />Year 5 <br />298,542 <br />238,833 <br />(7794548:) SEIA C&I PPA, version 2.0 <br />
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