Mayor of Boonsboro & Council Proposal Letter of Intent 2026-05-20
ESA Proposes Land Lease for Community Solar Farm in Boonsboro
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Description
ESA (Earthlight Solar) has proposed to lease 15-50 acres of land from the Mayor of Boonsboro & Council for a community solar farm at $6,000 per acre per year, with a term up to 35 years. The lease includes funding, construction, insurance, maintenance, and decommissioning responsibility by ESA, as well as rent during construction and a signing bonus.
Contract Details
Contract Amount
$6,000 per acre per year with 2% annual escalator; $1,500 per acre per year during construction; $5,000 signing bonus; $5,000 per due diligence extension option
Vendor
ESA (EARTHLIGHT SOLAR)
Agency
Town of Boonsboro, MD
Contract Type
OTHER
Document Date
May 20, 2026
Contract Term
Initial 7 years with four additional 7-year extension options (total up to 35 years), 12-month due diligence period (extendable up to 5 years in total)
Renewal Info
Initial term 7 years, renewable for up to four additional 7-year terms (total max 35 years). Due diligence period can be extended up to four times, one year each, with $5,000 payment per extension.
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