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03/23/2015 <br /> Morton Community Center is a "facility ground lease" as that term is defined in <br /> Government Code Section 4217.11(h). <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 Morton <br /> Community Center will cost approximately $100,000 less than the anticipated cost of <br /> electricity that would have been consumed by the facility in the absence of these <br /> systems. <br /> Section 7. The difference befinreen the fair rental value of the grant of access <br /> right at the Red Morton Community Center for CEI Solar One, LLC to construct, <br /> maintain and operate the solar array system and the agreed rent is anticipated to be <br /> offset by below-market energy purchases and other benefits provided to the City <br /> under the energy service contract. <br /> Section 8. The terms of the contract with CEI Solar One, LLC for the sale of <br /> solar energy produced by the solar arrays located at Red Morton Community Center <br /> 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 15303 of <br /> Title 14 of the California Code of Regulations <br /> Section 10. The City Manager is authorized to execute the Power Purchase <br /> Agreement with CEI Solar One, LLC. <br /> Section 11. This resolution shall be effective immediately upon its adoption. <br /> PASSED AND ADOPTED this 24T" day of March, 2015. <br /> * � * <br /> ATTY/RES0.3054/CC RE50 APPROVING CONTRACT FOR PPA RESO.#15396 <br /> REV:03-20-15 MLG MUFF#304 <br /> Page 3 of 3 <br />