HomeMy WebLinkAbout~Master - Notice of Acknowledgement of Assignment with ForeFront Power for the SunSmart Ames Community Solar Farm RESOLUTION NO. 20-628
RESOLUTION APPROVING THE NOTICE AND ACKNOWLEDGMENT OF
ASSIGNMENT FOR THE SUNSMART AMES COMMUNITY SOLAR FARM
FOR THE CITY OF AMES,IOWA
WHEREAS, on July 23, 2019, the City Council approved an Energy Services Agreement
with ForeFront Power(FFP Origination,LLC)for the SunSmart Ames community solar farm;and,
WHEREAS, the construction of the solar farm is nearing completion and should be
operational before the end of this month; and,
WHEREAS, there are two documents ForeFront is requesting the City to execute in order
to meet certain obligations with its Tax Equity Partner and allow for commercial operation of the
farm; and,
WHEREAS, the Notice and Acknowledgment of Assignment per the Energy Services
Agreement requires ForeFront to give the City notice if ForeFront has collaterally assigned any
rights, title or interest in the solar project; and,
WHEREAS, the specific Notice,once signed by the City, documents that the City consents
to the assignment of rights from ForeFront to Signature Financial, LLC; and,
WHEREAS, signing the Notice and Acknowledgment of Assignment does not in any way
change or affect the terms, covenants and conditions of the original Energy Services Agreement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Notice and Acknowledgment of Assigment for the SunSmart Ames Community Solar Farm
is hereby approved.
ADOPTED THIS 8`' day of December, 2020.
Diane R. Voss, City Clerk John A. Haila, Mayor
Introduced by: Gartin
Seconded by: Corrieri
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Martin
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 8tn day of December, 2020.