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Title:
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A bill for an ordinance approving a proposed Loan Agreement between the City and County of Denver and Constellation Solar V, LLC related to a new solar plant at Denver International Airport.
Denver International Airport loan of $7,500,000 to Constellation Solar V, LLC to construct a 4.5MWDC PV solar plant near the airport's fuel storage facility. (ECONOMIC DEVELOPMENT) Approves a $7,500,000 loan agreement (at a rate of 5.5% for a term of 20 years) with Constellation Solar V, LLC to offset some costs of developing a 4.5MWDC photovoltaic (PV) solar electricity system to generate power for the airport on a long-term basis. The last regularly-scheduled Council meeting within the 30-day period is on 8-23-10. The Committee approved filing this bill at its meeting on 7-21-10.
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