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Title:
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Subject: (Direct Referral) Communication from Mayor Mason presenting a request on behalf of the City of Racine Sustainability and Conservation Coordinator to enter into a Solar Ground Lease Agreement and Electric Service Agreement with Wisconsin Electric Power Company, a Wisconsin corporation, doing business as We Energies. This would result in the City of Racine’s participation in We Energies’ Solar Now program and result in a 600 kW (ac) solar system being installed on 2.64 acres at Olsen Prairie Park.
Recommendation from Mayor Mason: That the Mayor and City Clerk are authorized and directed to enter into a solar ground lease agreement and Electric Service Agreement Solar Ground Lease Agreement and Electric Service Agreement with Wisconsin Electric Power Company, a Wisconsin corporation, doing business as We Energies.
Fiscal Note: This lease will generate a total revenue of approximately $26,151 annually for 30 years, i.e., approximately $784,530 over the period of the lease.
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