OTHERAPPROVED

Town of Veteran AgendaPacket Town Board Meeting 2026-06-11

Town Approves Decommissioning Agreement with Wedge Solar LLC

$191,089 initial bond, subject to 2% annual increasesTown of VeteranWEDGE SOLAR LLCJune 11, 2026

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Description

The Town of Veteran approved a Decommissioning Agreement with Wedge Solar, LLC to ensure proper decommissioning and site restoration for the 3,000 kW solar project. Wedge Solar must provide a $191,089 performance bond increasing annually by 2%. The agreement runs for the solar project's 25-year life.

Contract Details

Contract Amount

$191,089 initial bond, subject to 2% annual increases

Vendor

WEDGE SOLAR LLC

Agency

Town of Veteran, NY

Contract Type

OTHER

Document Date

June 11, 2026

Contract Term

Twenty-five (25) years project life; bond renewed annually; agreement effective December 31, 2024

Renewal Date

2049-12-31

Renewal Info

Annual bond increases of 2% required on each anniversary date; every five years, bond amount to be reviewed and may be adjusted per engineer's updated estimate. Bond and agreement expire upon certified completion of decommissioning.