Town of Oakfield Resolution 2025 Tax Equity Transaction
Town Consents to Cider Solar Tax Equity Financing
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Description
The Town of Oakfield approved a consent for Hecate Energy Cider Solar LLC to enter into a tax equity financing transaction, allowing outside investors to acquire over 50% beneficial interest while retaining local control. The Supervisor was authorized to execute the related consent agreement.
Contract Details
Vendor
HECATE ENERGY CIDER SOLAR LLC
Agency
Town of Oakfield, NY
Contract Type
OTHER
Document Date
January 1, 2025
Renewal Info
Consent is a requirement per the June 1, 2024 Host Community Benefit Agreement. The consent relates to transfer of beneficial interests but retains control with Greenbacker. No renewal or extension terms are present.
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