Title
A Resolution approving a Ground Lease between the City of Foley and Alabama Municipal Electric Authority
Summary
Description of Topic: (who, what, where, when, why and how much)
Riviera Utilities is requesting the City to enter into a twenty (20) year ground lease for a community solar project located on City owned property on the corner of East Section Avenue and HWY 59.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, Riviera Utilities is requesting the City to enter into a twenty (20) year ground lease for ta community solar project located on City owned property on the corner of East section Avenue and HWY 59.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves entering into a Ground Lease Agreement for twenty (20) years with Alabama Municipal Electr...
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