Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Depew trustees accept $125,000 lump sum and credits instead of 25‑year lease payments for Phase 2 solar project
Summary
Trustees authorized the mayor to sign an amended Phase 2 lease retroactive to July 29, 2025. The board discussed choosing a $125,000 lump sum payment and a 15% credit from a different array instead of a 25‑year annual payment schedule.
The Depew Village Board on Aug. 11 authorized Mayor Kevin J. Peterson to sign amended Phase 2 lease documents for the village’s solar project on Broadway, retroactive to July 29, 2025. The amendment changes how the village will be compensated for the Phase 2 installation.
Village staff described two compensation options: a long‑term lease payment stream of $15,000 per year with 3% annual increases over 25 years, or…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
