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Authority approves SolarFX contract for arena solar array with 25% down payment
Summary
The authority approved a contract with SolarFX (Gary Glass) to install a solar array for the arena, with a proposed 25% down payment and potential to capture OG&E tax credits; approval was contingent on counsel review.
The Arena Authority approved moving forward with a contract with SolarFX to install a solar array at the arena and authorized staff to proceed once counsel reviews the agreement.
A board member introduced the motion, saying the authority has discussed SolarFX27s proposal for seven to eight years and that SolarFX had recently submitted a contract for the authority27s review. The motion stated the authority would pay approximately 25% down to start the project and requested approval contingent on review and approval by the authority27s counsel.
The presenter highlighted two reasons for urgency: including the solar installation in the bond issuance and beginning construction early so the authority could start receiving benefits from OG&E tax credits the authority is not currently using. The motion was seconded and approved by roll call: Glass (yes), Hood (yes), Slater (yes), Benner (yes), Barton (yes), Hannaford (yes).
The transcript does not include the final signed contract or the specific dollar amount of the contract; it records the down payment percentage (approximately 25%) and the board27s approval to proceed subject to counsel review.
The authority recorded the vote in the meeting minutes and directed staff to coordinate counsel review and contract execution.
