File #: SR 16-0344   
Type: Resolution Status: Passed
Department: Information and General Services
Meeting Date: 4/26/2016
Legislative Title: Resolution approving and authorizing execution of Agreement 3 - Solar System Performance Guarantee Agreement with SunPower Corporation, Systems (SunPower), which provides for SunPower to compensate Nevada County if the actual energy output of said solar generation facilities is less than 90% of the expected energy output, adjusted for atypical meteorological conditions, for a term of five years, renewable for a second term of five years, for a total maximum term of ten years, at a cost to the County of $4,331 for the first year, and increasing 3% per year thereafter.
Indexes: Agreements (Contracts & Leases, etc.) (45), County Building Program (48)
Attachments: 1. RES 16-178 Solar System Performance Guarantee Agreement 3 with SunPower Corporation, Systems, 2. Resolution 3, 3. Agreement 3
Related files: SR 18-0877

Title

Resolution approving and authorizing execution of Agreement 3 - Solar System Performance Guarantee Agreement with SunPower Corporation, Systems (SunPower), which provides for SunPower to compensate Nevada County if the actual energy output of said solar generation facilities is less than 90% of the expected energy output, adjusted for atypical meteorological conditions, for a term of five years, renewable for a second term of five years, for a total maximum term of ten years, at a cost to the County of $4,331 for the first year, and increasing 3% per year thereafter.