STRATEGIC PRIORITY: Workforce, Education & Equity
AGENDA DATE: October 23, 2024
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Department of Facilities and Real Estate Management
EXECUTIVE: Donzell Gipson
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SUBJECT
Title
Authorize a twenty-year lease agreement with Ables Springs Solar, LLC, for approximately 4,496 square feet of land located in Kaufman County, to be used for the installation, maintenance and operation of a single, underground electrical circuit and associated fiber for the period November 1, 2024 through October 31, 2044 - Estimated Revenue: Dallas Water Utilities Fund $322,443.66
Body
BACKGROUND
This item, on behalf of Dallas Water Utilities, authorizes a twenty-year lease agreement with Ables Springs Solar, LLC, for approximately 4,496 square feet of land located in Kaufman County. This lease will provide for the installation, maintenance and operation of a single, underground electrical circuit and associated fiber for the promotion of a solar energy generation project.
The lease will begin on November 1, 2024 through October 31, 2044.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
Estimated Revenue: Dallas Water Utilities Fund $322,443.66
OWNER/EXECUTIVE
Ables Springs Solar, LLC
Salvatore Bernabei, Chief Executive Officer
MAP
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