Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 3-30-21
Requesting Agency: Denver International Airport
Division:
Subject Matter Expert Name:
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Name: Angela Casias |
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Email: Angela.Casias@flydenver.com |
Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney’s Office should enter the title above the description (the title should be in bold font).
Both the title and description must be entered between the red “title” and “body” below. Do not at any time delete the red “title” or “body” markers from this template.
title
A resolution approving a proposed Agreement between the City and County of Denver and Oak Leaf Solar 100, LLC concerning the construction and operation of a solar array at Denver International Airport.
Approves a lease and license agreement with Oak Leaf Solar 100, LLC for $500,473 and for 25.5 years for construction and operation of a solar array developed and maintained by Oak Leaf Solar 100, LLC at Denver International Airport (PLANE-202157423). The last regularly scheduled Council meeting within the 30-day review period is on 5-10-21. The Committee approved filing this item at its meeting on 4-7-21.
body
Affected Council District(s) or citywide? Council District 11
Contract Control Number: PLANE-202157423
Vendor/Contractor Name (including any “DBA”): Oak Leaf Solar 100 LLC
Type and Scope of services to be performed:
This requests initiation of a ground lease of approximately 25 acres, as determined by the parties and per the final site design, of the real property located at Denver International Airport (DEN) Between 112th Street and 114th Street and east of N Trussville St. or a mutually agreeable location, as a suitable location to construct a solar array. Oak Leaf Solar XVIII, LLC (Oak Leaf) will pay DEN $675 per acre (prorated for any fractional acre) per year and a $2,500 annual access license fee. Lease and license payments will begin at the Effective Date, defined as date the City executes this Agreement.
Based on a 2% annual escalation rate, DEN would receive approximately $500k in revenue over the 25-year term. In addition, the solar array is expected to generate over 285 million kWh of renewable electricity, nearly doubling the amount of solar interconnected to DEN's electric grid and avoiding over 257,000 tons of CO2 over its project life.
Location (if applicable):
WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):
Are WBE/MBE/DBE goals met (if applicable)?
Is the contract new/a renewal/extension or amendment?
Was this contractor selected by competitive process or sole source?
For New contracts
Term of initial contract: 25.5 Years
Options for Renewal:
How many renewals (i.e. up to 2 renewals)?
Term of any renewals (i.e. 1 year each):
Cost of initial contract term: $500,473
Cost of any renewals:
Total contract value council is approving if all renewals exercised:
For Amendments/Renewals Extensions:
Is this a change to cost/pricing; length of term; terms unrelated to time or price (List all that apply)?
If length changing
What was the length of the term of the original contract?
What is the length of the extension/renewal?
What is the revised total term of the contract?
If cost changing
What was the original value of the entire contract prior to this proposed change?
What is the value of the proposed change?
What is the new/revised total value including change?
If terms changing
Describe the change and the reason for it (i.e. compliance with state law, different way of doing business etc.)