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8.A. - Page 8 <br /> Section 6. Over the 20-year expected life span, the total cost of power <br /> purchased from CEI Solar One, LLC produced by the solar arrays at the Red <br /> Morton Community Center will cost approximately $100,000 less than the <br /> anticipated cost of electricity that would have been consumed by the facility in <br /> the absence of these systems. <br /> Section 7. The difference between the fair rental value of the grant of <br /> access right at the Red Morton Community Center for CEI Solar One, LLC to <br /> construct, maintain and operate the solar array system and the agreed rent is <br /> anticipated to be offset by below-market energy purchases and other benefits <br /> provided to the City under the energy service contract. <br /> Section 8. The terms of the contract with CEI Solar One, LLC for the sale <br /> of solar energy produced by the solar arrays located at Red Morton Community <br /> Center are in the best interest of the City of Redwood City. <br /> Section 9. The project is statutorily exempt from the provisions of CEQA <br /> pursuant to California Public Resources Code Section 21080.35, and is further <br /> categorically exempt from the provisions of CEQA per Sections 15301 and <br /> 15303 of Title 14 of the California Code of Regulations <br /> Section 10. The City Manager is authorized to execute the Power <br /> Purchase Agreement with CEI Solar One, LLC. <br /> Section 11. This resolution shall be effective immediately upon its <br /> adoption. <br /> PASSED AND ADOPTED this day of March, 2015. <br /> ATTY/RES0.3054/CC RESO APPROVING CONTRACT FOR PPA <br /> REV:03-10-15 MLG <br /> Page 3 of 3 <br />