Legislation Details

File #: 26-0563   
On agenda: 6/16/2026 Final action: 6/16/2026
Enactment date: Enactment #: Agreement No. 26-280, Agreement No. 26-281, Agreement No. 26-282, Agreement No. 26-283, Agreement No. 26-284
Recommended Action(s)
 		1. Approve and authorize the Chairman to execute Consent to Collateral Assignment of Solar Project Documents and Equipment Subordinations for Agreement Nos. A-23-675, A-23-676, A-23-679, A-23-680 and A-23-681, acknowledging and allowing Greenskies Clean Energy LLC to secure financing for the solar photovoltaic systems under each respective Agreement through KeyBank National Association; and 2. Approve and authorize the Director of General Services, or their designee, to approve and execute any further documents, instruments, estoppel, acknowledgement certificates, memoranda of agreements, and sale-leaseback documents, all subject to the approval of County Counsel as to legal form and Auditor-Controller/Treasurer-Tax Collector as to accounting form, as they relate to the operation of the solar photovoltaic systems under Agreement Nos. A-23-675, A-23-676, A-23-679, A-23-680 and A-23-681.
Attachments: 1. Agenda Item, 2. Agreement A-26-280 Collateral Assignment of ESA No. A-23-675, 3. Agreement A-26-281 Collateral Assignment of ESA No. A-23-676, 4. Agreement A-26-282 Collateral Assignment of ESA No. A-23-679, 5. Agreement A-26-283 Collateral Assignment of ESA No. A-23-680, 6. Agreement A-26-284 Collateral Assignment of ESA No. A-23-681
DATE: June 16, 2026

TO: Board of Supervisors

SUBMITTED BY: Edward Hill, Chief Operating Officer/Interim Director of General Services

SUBJECT: Consent to Collateral Assignment for Financing of Energy Services Agreements

RECOMMENDED ACTION(S):
TITLE
1. Approve and authorize the Chairman to execute Consent to Collateral Assignment of Solar Project Documents and Equipment Subordinations for Agreement Nos. A-23-675, A-23-676, A-23-679, A-23-680 and A-23-681, acknowledging and allowing Greenskies Clean Energy LLC to secure financing for the solar photovoltaic systems under each respective Agreement through KeyBank National Association; and

2. Approve and authorize the Director of General Services, or their designee, to approve and execute any further documents, instruments, estoppel, acknowledgement certificates, memoranda of agreements, and sale-leaseback documents, all subject to the approval of County Counsel as to legal form and Auditor-Controller/Treasurer-Tax Collector as to accounting form, as they relate to the operation of the solar photovoltaic systems under Agreement Nos. A-23-675, A-23-676, A-23-679, A-23-680 and A-23-681.
REPORT
There is no additional Net County Cost associated with the recommended actions. The first recommended action will execute five separate Consent to Collateral Assignment of Solar Project Documents and Equipment Subordinations (Collateral Assignments) for Energy Service Agreement Nos. A-23-675, A-23-676, A-23-679, A-23-680 and A-23-681 (ESAs), acknowledging and allowing Greenskies Clean Energy LLC (Greenskies) to establish financing for the solar photovoltaic systems (Systems) from KeyBank National Association (KeyBank).

The second recommended action will allow the Director of General Services (Director), or their designee, to execute any further documents, including notice of a sale-leaseback transaction, for any such action relating to the operation of the photovoltaic systems (System or collectively, Systems). This item per...

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