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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 />$49,980 <br />11 <br />$46,098 <br />12 <br />$42,003 <br />13 <br />$37,682 <br />14 <br />$33,124 <br />15 <br />$28,315 <br />16 <br />$23,242 <br />17 <br />$17,889 <br />18 <br />$12,242 <br />19 <br />$8,571 <br />20 <br />$6,509 <br />21 <br />$5,207 <br />22 <br />$4,166 <br />23 <br />$3,333 <br />24 <br />$2,666 <br />25 <br />$2,133 <br />26 <br />$1,706 <br />27 <br />$1,365 <br />28 <br />$1,092 <br />29 <br />$874 <br />30 <br />$699 <br />13. Buyout Option Price Schedule (Exhibit 3, Section 14(b)): <br />After Anniversary <br />Buyout Option Payment <br />51 Anniversary <br />$99,000 <br />10' Anniversary <br />$91,800 <br />1511 Anniversary <br />$82,800 <br />201h Anniversary <br />$63,000 <br />25'h Anniversary <br />$36,000 <br />30h Anniversary <br />$9,600 <br />14. 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 />oroiectedgeneration) <br />Year 1 <br />92,692 <br />74,154 <br />Year 2 <br />92,229 <br />73,783 <br />Year 3 <br />91,767 <br />73,414 <br />Year 4 <br />91,309 <br />73,047 <br />Year 5 <br />90,852 <br />72,682 <br />17794548:1 SEIA C&I PPA, version 2.0 <br />
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