Milford Lease and PILOT Agreements with Olivewood

The Town of Milford is party to a long-term lease option and PILOT agreement with solar developer Olivewood for the 16 MW Milford Spartan Solar project, projected to generate $6.3 million in lease payments and $3.2 million in PILOT revenue over the project’s life. The lease option runs through September 23, 2023, with an in-service date targeted for late 2024.

Document date · August 1, 2022

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Scope & details

The full contract record, as filed.

Contract amount

Up to $6.3 million lease payments and $3.2 million PILOT payments over project life

Contract type

FACILITIES

Contract term

Lease Option rights until 2023-09-23; project life through late 2024 in-service and beyond

Renewal date

2023-09-23

Renewal

Lease option rights currently extend until 2023-09-23 with an Extension Notice planned; future extensions or modifications may be subject to Town approvals.

Document type

Minutes

Source document

milford_board_of_selectmen_meeting_minutes_august.pdf

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Other contracts from OLIVEWOOD.

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Webster NH Select Board Project Status Highlight Report Feb 2026

EXTENDED

Town of Webster, New HampshireFeb 4, 2026

milford_board_of_selectmen_meeting_minutes_august.pdf

PENDING

Town of Milford, New HampshireAug 19, 2019

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Town of Milford?

OLIVEWOOD was awarded this facilities contract by Town of Milford, as recorded on August 1, 2022. The contract value is Up to $6.3 million lease payments and $3.2 million PILOT payments over project life.

How much is the OLIVEWOOD contract with Town of Milford worth?

The OLIVEWOOD contract with Town of Milford is valued at Up to $6.3 million lease payments and $3.2 million PILOT payments over project life, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in milford_board_of_selectmen_meeting_minutes_august.pdf (Minutes), dated August 1, 2022 from Town of Milford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does OLIVEWOOD hold?

OLIVEWOOD may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View OLIVEWOOD's profile

What is Town of Milford currently buying?

Explore Town of Milford's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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