DATE: February 28, 2017
TO: Board of Supervisors
SUBMITTED BY: Steven E. White, Director
Department of Public Works and Planning
SUBJECT: Reclamation Agreement with RE Tranquillity LLC for Approved Photovoltaic Facility
RECOMMENDED ACTION(S):
TITLE
1. Approve and authorize Chairman to execute a Reclamation Agreement with RE Tranquillity LLC, the project applicant (the Applicant), to implement a condition of approval of Unclassified Conditional Use Permit No. 3451 (UCUP No. 3451) for the first phase of a multi-phase solar photovoltaic electricity generating facility (Solar Facility) near the community of Tranquillity.
2. Approve the proposed form of an Irrevocable Standby Letter of Credit initially in the amount of $1,098,520 (Letter of Credit) to be issued by Co?peratieve Rabobank U.A., New York Branch (Rabobank-New York), as security to the County for the Reclamation Agreement.
3. Authorize the Director of the Department of Public Works and Planning (Director) to accept the Letter of Credit to be issued by Rabobank-New York, and to accept any replacement Letter of Credit in the then-current amount of the Letter of Credit being replaced, to be issued by an eligible financial institution, as security to the County for the Reclamation Agreement, to implement a condition of approval of UCUP No. 3451, all of which shall be subject to approval as to legal form by County Counsel.
4. Accept Grant of Limited Access Easement from RE Tranquillity Landco LLC, the owner of the property upon which the Solar Facility is to be situated.
5. Approve and authorize Chairman to execute a Indemnification Agreement with RE Tranquillity, LLC, to implement a condition of approval as required by Unclassified Conditional Use Permit Application No. 3451.
REPORT
The Board's approval of the Recommended Actions would implement conditions of approval placed on UCUP No. 3451 and thereby enable the County to issue a building permit for the first phase of the multi-phase Solar Facility ...
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