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Council approves access easement with AC Power for solar site; lender-driven edits added
Summary
Lockport approved Resolution 25-033 granting an access easement to AC Power for a leased solar project parcel with lender-requested changes that allow a lender to remedy certain defaults and remove permissive assignment language for tax investors.
The Lockport City Council voted to approve Resolution 25-033, granting AC Power an access easement to reach the city-leased parcel where AC Power will operate solar facilities. Tom, speaking for city staff, said the council approved minor edits requested by AC Power’s lender that clarify the lender’s rights to cure defaults and remove one clause that would have allowed assignment to a tax investor without…
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