Hoffman Estates Park District Board Meeting Minutes November 2025
Board Approves $4.5 Million Solar Projects with Verde Solutions
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Description
The Hoffman Estates Park District Board approved a multi-site solar installation contract with Verde Solutions totaling approximately $4.5 million, including projects at The Club at Prairie Stone, Triphahn Center, and Willow Rec Center. The three-year program features staged downpayments in 2025 and is expected to generate over $10.25 million in energy savings over 30 years, backed by a letter of credit and performance bond.
Contract Details
Contract Amount
$1,918,397 for The Club project; $2,136,606 for Triphahn Center project; $398,206 for Willow Rec Center project; 2025 downpayments totaling $637,160.60
Vendor
VERDE SOLUTIONS
Agency
Hoffman Estates Park District, IL
Contract Type
CONSTRUCTION
Document Date
November 25, 2025
Contract Term
Three solar projects planned over approximately three years (The Club in 2026, Triphahn Center in 2027, Willow Rec Center in 2028) with panels having a 30-year life expectancy
Renewal Info
Solar panels are expected to last 30 years; no formal renewal terms are described, but the project will be implemented over about three years with staged payments and supported by a performance bond.
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