RESOLUTION NO. 87
AUTHORIZING A HOST COMMUNITY BENEFIT AGREEMENT WITH HECATE ENERGY ALBANY 1, LLC, AND HECATE ENERGY ALBANY 2, LLC REGARDING A 40-MEGAWATT COEYMANS SOLAR FARM PROJECT AND AMENDING THE 2023 DEPARTMENT OF ECONOMIC DEVELOPMENT, CONSERVATION AND PLANNING BUDGET
Introduced: 3/13/23
By Conservation, Sustainability and Green Initiatives Committee and Miller:
WHEREAS, The County Executive has requested authorization to enter into a Host Community Benefit Agreement (HCBA) with Hecate Energy 1, LLC and Hecate Energy 2, LLC regarding a 40-Megawatt Coeymans Solar Farm Project in the amount of $181,155 for a term commencing March 15, 2023 and ending December 31, 2023, and
WHEREAS, The County Executive has indicated that Hecate Energy has agreed to provide, as part of their permitting and approval process, an HCBA to the taxing jurisdictions to compensate for the impact of their 40-Megawatt Coeymans Solar Farm Project, and the County's share of this agreement is $181,155 to be accepted as a lump sum upon completion of the project, and
WHEREAS, The County Executive has also indicated that a budget amendment is necessary to incorporate the aforementioned funding into the 2023 Department of Economic Development, Conservation and Planning Budget, now, therefore, be it
RESOLVED, By the Albany County Legislature that the County Executive is authorized to enter into an agreement with Hecate Energy 1, LLC and Hecate Energy 2, LLC, New York, NY 10169 regarding a 40-Megawatt Coeymans Solar Farm Project in the amount of $181,155 for a term commencing March 15, 2023 and ending December 31, 2023, and, be it further
RESOLVED, That the 2023 Department of Economic Development, Conservation and Planning Budget is amended as follows:
Create and Increase Revenue Account A8020 0 1640 Solar Agreement by $181,155
Create and Increase Appropriation Account A8020 by $181,155 by creating and increasing Line Item ...
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