REQUEST FOR LEGISLATIVE ACTION
Description (e.g., Contract Authorization for Information Services):
title
REQUESTING AUTHORIZATION TO ENTER INTO A PILOT AGREEMENT WITH RESERVOIR ROAD SOLAR, LLC
body
Date: 2/19/2025
Department: Real Property
Attending Meeting: Michael McGuire
Submitted By: Michael McGuire
Title: Director
Phone: 518-487-5292
Purpose of Request: Other (State if not Listed) Solar PILOT agreement
CONTRACT TERMS/CONDITIONS:
Party Names and Addresses:
Reservoir Road Solar, LLC
55 Technology Dr, Ste 102
Lowell, MA 01851
Term: (Start/end date or duration) 01/01/2027
Amount/Raise Schedule/Fee: Fiscal Year Payment to County Year 1 $ 5,000.00 Year 2 $ 5,100.00 Year 3 $ 5,202.00 Year 4 $ 5,306.04 Year 5 $ 5,412.16 Year 6 $ 5,520.40 Year 7 $ 5,630.81 Year 8 $ 5,743.42 Year 9 $ 5,858.29 Year 10 $ 5,975.46 Year 11 $ 6,094.97 Year 12 $ 6,216.87 Year 13 $ 6,341.20 Year 14 $ 6,468.03 Year 15 $ 6,597.39
BUDGET INFORMATION:
Is there a Fiscal Impact: Yes ? No ?
Anticipated in Budget: Yes ? No ?
Spreadsheet attached: Yes ? No ?
Source of Funding - (Percentages)
Federal: Enter text. County: Enter text.
State: Enter text. Local: Enter text.
County Budget Accounts:
Revenue Account and Line: A1310 01081 - Other Payments In-Lieu of Taxes
Revenue Amount: $5,000 a year with annual 2% escalator for 15 years
Appropriation Account and Line: Enter text.
Appropriation Amount: Enter text.
ADDITIONAL INFORMATION:
Mandated Program/Service: Yes ? No ?
If Mandated, Cite Authority: Albany County Legislature Resolution 21-192
Request for Bids / Proposals:
Competitive Bidding Exempt: Yes ? No ?
# of Response(s): Enter text.
# of MWBE: Enter text.
# of Veteran Business: Enter text.
Bond Resolution No.: Enter text.
Apprenticeship Program Yes ? No ?
Previous requests for Identical or Similar Action:
Resolution/Law Number and Date: Re...
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