pages: OaklandRedevelopmentSuccessorAgencyAndCityCouncilAndGeologicHazardAbatementDistrictBoard/2016-09-20.pdf, 17
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OaklandRedevelopmentSuccessorAgencyAndCityCouncilAndGeologicHazardAbatementDistrictBoard | 2016-09-20 | Concurrent Meeting of the Oakland Meeting Minutes - FINAL September 20, 2016 Redevelopment Successor Agency / City Council / Geologic Hazard Abatement District Board S 7.23 Subject: Update and Recommendation Regarding The City's Solar Power Project From: Oakland Public Works Department Recommendation: Adopt A Resolution Authorizing The City Administrator Or Her Designee To: 1) Enter Into A Power Purchase Agreement (PPA) With Vanir Management, Inc. (Vanir) To Buy Solar Electricity Delivered From Equipment That Is Owned And Maintained By Vanir On Six City Facilities At A Cost Not To Exceed One Hundred Twenty Thousand Dollars ($120,000) In The First Year And Three Million Two Hundred Twenty-Five Thousand Dollars ($3,225,000) During The 20-Year Term Of The Agreement, Paid From The City Facilities Fund (Fund 4400) With Two (2) 5-Year Options To Extend The PPA Upon The Same Terms And Conditions, Only If Financially Beneficial To The City; 2) Accept And Appropriate A Project Management Reimbursement Fee From Vanir To Reimburse The City For Project Management Expenses In The Estimated Amount Of Seventy Thousand Dollars ($70,000) To City Facilities Energy Conservation Projects Fund (Fund 4450); And 3) Pay Vanir, If Costs For Pacific Gas & Electric Company Interconnection, Or For Necessary Building Upgrades, Or Other Unforeseen Conditions Arise, In An Amount Not To Exceed One Hundred Fifty Three Thousand Dollars ($153,000) In The First Year And Not To Exceed Three Million Seven Hundred Eighty Thousand Dollars ($3,780,000) During The 20-Year PPA Term, Paid From The City Facilities Fund (Fund 4400); And 4) Take The Actions Herein Without Returning To The City Council For Further Approvals. 16-38 Sponsors: Oakland Public Works Department Attachments: View Report View Supplemental Report 86361 CMS The Council adopted the item as amended to include the committee recommendations and also to require staff to return to the Council at the point the project exceeds the $3.363 million figure to obtain authorization for any additional funding. This City Resolution be Adopted as Amended. City of Oakland Page 17 Printed on 11/29/2016 | 17 | OaklandRedevelopmentSuccessorAgencyAndCityCouncilAndGeologicHazardAbatementDistrictBoard/2016-09-20.pdf |