Authorize Asset Purchase Agreement with East Portland Solar, LLC to purchase the solar facility at East Portland Community Center for $23,000
The City of Portland ordains:
Section 1. The Council finds:
The City of Portland recognizes the importance of encouraging the development of alternative and renewable energy generation sources to increasing environmental quality and livability of the City of Portland.
In order to encourage the City’s own use of electricity generated from such sources, Portland Parks & Recreation (PP&R) entered into the Solar Facility License Agreement, dated October 24, 2008 and authorized by Ordinance 182285, for Commercial Solar Ventures, Inc., predecessor in interest to East Portland Solar, LLC., to install and operate at East Portland Community Center a solar photovoltaic electric generation facility (Solar Facility) that generates electricity that is sold to PP&R at or below the energy rates charged by its current utility providers.
The Solar Facility License Agreement also outlined a process for selling the Solar Facility to PP&R. PP&R and East Portland Solar, LLC have reached agreement on the terms of the sale as stated in the Asset Purchase Agreement (Agreement) attached as Exhibit A.
According to the terms of the Agreement, PP&R will purchase the Solar Facility for $23,000 which will be paid for using funds from the PP&R Recreation Utilities budget, as ownership of the Solar Facility will result in a reduction in utility costs.
NOW, THEREFORE, the Council directs:
The Director of Portland Parks & Recreation is authorized to execute the Asset Purchase Agreement and take all actions necessary to transfer ownership of the Solar Facility at East Portland Community Center to the City. The Agreement will be in a form substantially similar to the attached Exhibit A and as approved as to form by the City Attorney.
The Mayor and City Auditor are hereby authorized to make a payment of $23,000 to East Portland Solar, LLC from PP&R’s Recreation budget.
An ordinance when passed by the Council shall be signed by the Auditor. It shall be carefully filed and preserved in the custody of the Auditor (City Charter Chapter 2 Article 1 Section 2-122)
Passed by Council
Auditor of the City of Portland
Mary Hull Caballero
Budget Office Financial Impact Analysis
There is exists sufficient resource for the purchase of this asset in the PP&R current FY 2021-22 Revised Budget. The bureau projects ongoing operations and maintenance costs of the asset to be low enough to be absorbed within existing appropriations. The bureau notes that the asset generates approximately $9,000 worth of electricity annually, a figure that now represents the ongoing cost savings of owning the asset.
80 Consent Agenda in February 9, 2022 Council Agenda
Passed to second reading
101 Consent Agenda in February 16-17, 2022 Council Agenda
- Commissioner Carmen Rubio Yea
- Commissioner Dan Ryan Yea
- Former Commissioner Jo Ann Hardesty Yea
- Commissioner Mingus Mapps Yea
- Mayor Ted Wheeler Yea