City hears proposal for 5MW Solar Stone lease
City of Port RepublicCity · Port Republic, NJ- Disclosed value
- $50,000.00 per MW awarded; $2,000 (year 1), $5,000 (year 2), $7,000 (year 3), $10,000 (year 4), optional $15,000 (12‑month extension)
- From minutes
- Document date
- Nov 15, 2022
The 30-second brief
Solar Stone outlined a proposed 5MW community solar project at 400 English Creek Avenue in Port Republic, including a multi-year lease option schedule and a 35‑year operating lease. The proposal offers $50,000 per megawatt awarded with a 2% annual escalator on payments during the operating period.
Solar Stone holds this contract with City of Port Republic. Its other public contracts on record include work for Applegate Valley Rural Fire Protection District 9 and Lawrence County.
Term as filed: 35-year lease proposed; multi-year lease option period with possible 12‑month extension.
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Contract details
- Amount
- $50,000.00 per MW awarded; $2,000 (year 1), $5,000 (year 2), $7,000 (year 3), $10,000 (year 4), optional $15,000 (12‑month extension)
- Document date
- November 15, 2022
- Term
- 35-year lease proposed; multi-year lease option period with possible 12‑month extension
- Vendor
- Solar Stone
- Agency
- City of Port Republic
- Source document
- City of Port Republic Council Meeting Minutes November 2022 (Minutes)
Solar Stone's other public contracts
More City of Port Republic contracts
Questions about this contract
Who was awarded the government contract by City of Port Republic?
Solar Stone was awarded this government contract by City of Port Republic, as recorded on November 15, 2022. The contract value is $50,000.00 per MW awarded; $2,000 (year 1), $5,000 (year 2), $7,000 (year 3), $10,000 (year 4), optional $15,000 (12‑month extension).
How much is the Solar Stone contract with City of Port Republic worth?
The Solar Stone contract with City of Port Republic is valued at $50,000.00 per MW awarded; $2,000 (year 1), $5,000 (year 2), $7,000 (year 3), $10,000 (year 4), optional $15,000 (12‑month extension).
What type of contract is this?
This is a government contract, documented as a minutes record.
Where was this contract approved?
This contract appears in City of Port Republic Council Meeting Minutes November 2022 (Minutes), dated November 15, 2022 from City of Port Republic. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Solar Stone hold?
Solar Stone may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Port Republic currently buying?
Explore City of Port Republic's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.