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HomeMy WebLinkAboutResolution #5519 - Illinois Community Solar Subscription Agreement *** RESOLUTION NO. 551-q A RESOLUTION APPROVING AN ILLINOIS COMMUNITY SOLAR SUBSCRIPTION AGREEMENT WHEREAS, the City Council of the City of Canton has determined that it is necessary and in the best interest to enter into a Community Solar Subscription Agreement for the purpose of receiving credits on its utility bills generated by Ameren Illinois. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF CANTON,ILLINOIS,AS FOLLOWS: 1. That the Mayor is hereby authorized to execute a Community Solar Subscription Agreement (or similar agreement) (collectively hereinafter "Agreement") with Solar on Earth, Inc., SunCentral LLC, and/or their affiliated entities, for the purpose of obtaining bill credits on its Ameren utility bill(s), which are provided in exchange for Ameren receiving solar electricity from qualifying facilities. 2. The Agreement shall be subject to further review by the City Attorney and final approval by the Mayor, and the Agreement shall,at a minimum,provide the following terms and/or conditions: (1) no more than a ten (10) year term; (2) the ability to obtain bill credits to reduce the overall electricity expenses of the City of Canton; (3) a voluntary cancellation term by the City of no more than one hundred eighty(180)days; and(4)no up front costs due and owing to Solar on Earth, Inc., SunCentral LLC, and/or their affiliated entities. 3. The Mayor reserves the right to refuse to sign any Agreement he finds unacceptable and not in the City's best interests. 4. That this Resolution shall be in full force and effect immediately upon its passage by the City Council of the City of Canton, Illinois and approval by the Mayor thereof. PASSED by the City Council of the City of Canton, Illinois at a regular meeting this I" day of July, 2025 upon a roll call vote as follows: AYES: Alderpersons Chamberlin, Grimm,Nelson, Lovell, Pickel, Ketcham, Gossett NAYS:None ABSENT: Alderperson Hale IAPP OVED: 6 Kent McDowell, May ZST: ". 'fnBrea J. S ith-Walters, City Clerk �; ��kd� (� aW�LC�r�E�.T J