District signs 5-year solar facility lease
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Description
Independent School District No. 881 executed a five-year Facility Lease Agreement with Ideal Energies Solar Leasing, LLC covering roof and ground space and the solar energy system at Maple Lake Elementary. The district will receive $100 per year in rent while retaining ownership of the solar equipment.
Contract Details
Contract Amount
$90.00 per year Leased Space Rent; $10.00 per year Energy System Rent
Vendor
IDEAL ENERGIES SOLAR LEASING LLC
Agency
Maple Lake Public School District, MN
Contract Type
FACILITIES
Document Date
May 26, 2026
Contract Term
5 years from Substantial Completion Date
Renewal Info
Initial 5-year term beginning at Substantial Completion with month-to-month holdover permitted; no automatic renewal, but tenancy may continue on a month-to-month basis until terminated by either party with 30 days’ notice.
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