Independent School District No. 698 Solar Array Purchase, LNTP, Facility Lease & Power Purchase Agreements 2026-05-15
District leases solar facility to Ideal Energies affiliate
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Description
Independent School District No. 698 entered into a 5‑year Facility Lease Agreement with Ideal Energies Solar Leasing, LLC for roof/ground space and the solar array at Floodwood School. The lease provides $250 in combined annual rent beginning one year after substantial completion, with optional month-to-month extension after the initial term.
Contract Details
Contract Amount
$225.00 per year for Leased Space Rent plus $25.00 per year for Energy System Rent
Vendor
IDEAL ENERGIES SOLAR LEASING LLC
Agency
Floodwood Public School District, MN
Contract Type
FACILITIES
Document Date
May 15, 2026
Contract Term
5 years from Substantial Completion Date
Renewal Info
Initial 5‑year term from Substantial Completion Date; afterwards, any holdover continues month-to-month and may be terminated with 30 days’ written notice by either party.
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Related Contracts
Independent School District No. 881 Resolution to Enter into Guaranteed Energy Savings Contract for Solar 2026-06-08
PENDINGIndependent School District No. 698 - Floodwood School District Resolution to Enter into Guaranteed Energy Savings Contract for Solar 2026-05-28
APPROVEDIndependent School District No. 881 - Maple Lake Public Schools Contract Solar Array Purchase and Agreements 2026-05-26
APPROVEDIndependent School District No. 881 - Maple Lake Public Schools Contract Solar Array Purchase and Agreements 2026-05-26
APPROVEDIndependent School District No. 698 Solar Array Purchase, LNTP, Facility Lease & Power Purchase Agreements 2026-05-15
APPROVEDMore from Floodwood Public School District
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Independent School District No. 698 Individual Employment Agreement 2026-07-01
Independent School District No. 698 Individual Employment Agreement 2026-07-01
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Independent School District No. 698 Individual Employment Agreement 2026-07-01
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