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City briefs board on solar lease collateral agreement and protections for Franklin’s 1.5 MW project
Summary
City staff updated the board on a public‑private solar project at the water reclamation facility: Energy Source Partners would install up to 1.5 megawatts of solar and flow batteries on 4.2 acres; the city negotiated collateral terms with the bank including a right of first refusal and options for equipment removal if the city declines a bank‑arranged tenant.
City staff updated the Board on the city’s public‑private solar partnership at the water reclamation facility. Sean (staff) summarized the amended lease: the city leases 4.2 acres to Energy Source Partners, which plans to install up to 1.5 megawatts of solar capacity and flow batteries to support plant…
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