City of Salem Council Meeting Agenda January 2026
City Landfill Solar Project Lease Amended with AC Power
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Description
The Salem City Council approved a revised land-lease agreement with AC Power for the City Landfill Solar Project, replacing the prior lease and stipulating new development and operations terms with renewal rights. Rent escalates annually and is based on system capacity.
Contract Details
Contract Amount
$1,500 per quarter during development; $15,000 per MWdc per annum during operations with 1.5% annual escalator
Vendor
AC POWER
Agency
New Salem Fire Protection District, IL
Contract Type
OTHER
Document Date
January 20, 2026
Contract Term
Development Term to February 3, 2027; Operations Term 25 years from Commercial Operation Date; two 5-year renewal options
Renewal Date
2052-02-29
Renewal Info
Two 5-year renewal options at end of initial 25-year Operations Term, same terms/conditions.
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