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Title:
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A bill for an ordinance approving a proposed Purchase Agreement between the City and County of Denver and Constellation Solar V, LLC related to a new solar plant at Denver International Airport.
(ECONOMIC DEVELOPMENT) Approves an up to $16,000,000 agreement with Constellation Solar V, LLC to purchase power from its 4.5MWDC photovoltaic (PV) solar electricity generating system at DIA for up to 25 years at a rate of $0.036/kWh or 80% of current rates with an option for the airport to buy the system at the beginning of the 7th year. 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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