Lockport Twp HSD 205 Awards Facilities Contract to Ffp Il Community Solar LLC (November 2024)
Lockport Twp HSD 205School · Lockport, IL- Disclosed value
- Option Payment: $5,000/year paid quarterly; Ground Lease Rent: $3,000 per estimated buildable acre of Land per year, escalating 2% annually after Commercial Operation Date
- From contract
- Approved
- Nov 1, 2024
The 30-second brief
Lockport Township High School District 205 has entered into an exclusive option and form ground lease with FFP IL Community Solar, LLC to develop a solar electric generating facility on approximately 50 acres in Homer Township. The agreement provides for $5,000 in annual option payments and future rent of $3,000 per estimated buildable acre per year, escalating 2% annually over an initial 25‑year term plus a renewal period.
Ffp Il Community Solar LLC holds this facilities contract with Lockport Twp HSD 205. Its other public contracts on record include work for Glen Ellyn village and Channahon Park District.
Term as filed: Option: Four (4) years from Effective Date with one (1) year extension right; Lease: Initial Term of 25 years after Commercial Operation Date, with one Renewal Term of 4 years 11 months.
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Contract details
- Contract type
- Facilities
- Amount
- Option Payment: $5,000/year paid quarterly; Ground Lease Rent: $3,000 per estimated buildable acre of Land per year, escalating 2% annually after Commercial Operation Date
- Document date
- November 1, 2024
- Term
- Option: Four (4) years from Effective Date with one (1) year extension right; Lease: Initial Term of 25 years after Commercial Operation Date, with one Renewal Term of 4 years 11 months
- Agency
- Lockport Twp HSD 205
- Source document
- lockport-twp-hsd-205contract-2024-11-01_ab0.pdf (Contract)
Ffp Il Community Solar LLC's other public contracts
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Questions about this contract
Who was awarded the facilities contract by Lockport Twp HSD 205?
Ffp Il Community Solar LLC was awarded this facilities contract by Lockport Twp HSD 205, as recorded on November 1, 2024. The contract value is Option Payment: $5,000/year paid quarterly; Ground Lease Rent: $3,000 per estimated buildable acre of Land per year, escalating 2% annually after Commercial Operation Date.
How much is the Ffp Il Community Solar LLC contract with Lockport Twp HSD 205 worth?
The Ffp Il Community Solar LLC contract with Lockport Twp HSD 205 is valued at Option Payment: $5,000/year paid quarterly; Ground Lease Rent: $3,000 per estimated buildable acre of Land per year, escalating 2% annually after Commercial Operation Date, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a contract record.
Where was this contract approved?
This contract appears in lockport-twp-hsd-205contract-2024-11-01_ab0.pdf (Contract), dated November 1, 2024 from Lockport Twp HSD 205. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Ffp Il Community Solar LLC hold?
Ffp Il Community Solar LLC 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 Lockport Twp HSD 205 currently buying?
Explore Lockport Twp HSD 205's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.