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Council sends proposed 42-acre solar ground lease to standard three readings
Summary
Council reviewed a proposed 25-year ground lease with Dimension OH 1 LLC for a solar facility on ~42 acres and voted to proceed under the standard three-reading process rather than approving a single-reading resolution; annual lease payments were stated at $122,500 subject to inflation adjustments.
City Manager Chris Lohr presented a proposed ground lease with Dimension OH 1 LLC for development of a solar energy facility on approximately 42 acres of City-owned property at the end of Business Parkway. Lohr outlined key terms: a 25-year lease with two optional five-year extensions, a three-year development period, quarterly payments during construction and an annual lease payment of $122,500 subject to annual inflation adjustments.
Council discussed decommissioning, EPA disposal compliance, and the company's obligations if the project ended early. Rather than suspend readings for a single- reading approval, Council voted to amend the agenda so the resolution would proceed as the first of three readings; Resolution 16-26 will return for a second reading on July 28.
