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Meeting Date:
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9/30/2021 - 6:00 PM
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Category:
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Finance and Operations
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Type:
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Action
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Subject:
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10.8 CF Lessee F7 LLC resolution to consent to assignment for the design, installation, and operation of solar photovoltaic systems at multiple Newark Board of Education Facilities, and for the purchase of the solar energy generated by the solar photovoltaic systems.- revised 9-3-21
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Strategic Plans:
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Priority 1.5 1.5 Develop a capital strategy aligned with the Long-Range Facilities Plan and strategic plan to modernize all facilities, and plan for enrollment projections, academic programs, and community needs.
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Enclosure
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File Attachment:
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Summary:
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A resolution was passed on Monday, April 16, 2018 to award contract number 8858, a power purchase agreement for solar energy, to Eznergy NJ LLC, for the design, installation, and operation of solar photovoltaic systems at multiple Newark Board of Education Facilities, and for the purchase of the solar energy generated by the solar photovoltaic systems. This recommendation is to consent to the assignment of two of those Master Services Agreements from CF Holdco SF LLC to CF Lessee F7 LLC and to remit payment directly to Wilmington Trust National Bank, as reviewed by Rodney L. Williams, Director of Energy & Sustainability
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Funding :
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Recommendation to the Board:
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NOW THEREFORE BE IT RESOLVED, that the Newark Board of Education hereby consents to and authorizes the assignment of the individual Master Services Agreements for George Washington Carver School and Technology High School from CF Holdco SF LLC to CF Lessee F7 LLC and authorizes the Board to execute the Consent and Agreement for each location.
BE IT FURTHER RESOLVED, that the Newark Board of Education hereby also authorizes the payments under the individual Master Services Agreements for George Washington Carver School and Technology High School to be remitted directly to Wilmington Trust National Bank instead of CF Lessee F7 LLC.
BE IT FURTHER RESOLVED, that the Newark Board of Education hereby designates and authorizes the following person(s) to execute and deliver the Consent and Agreement documents for each individual site: Authorized individual(s): Dawn Haynes, Board President; Valerie Wilson, School Business Administrator; Krystal Whitlock, Assistant School Business Administrator.
EXPLANATION: To authorize an assignment of two individual Master Service Agreements to a successor entity to facilitate financing.
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Approvals:
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Recommended By:
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Signed By:
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Rodney Williams - Director
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Signed By:
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Nicole Yarbough - Purchasing Manager
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Signed By:
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Valerie Wilson - School Business Administrator
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Signed By:
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Roger León - Superintendent
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Vote Results:
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| Original Motion | Member Daniel Gonzalez Moved, Member Hasani Council seconded to approve the Original motion 'NOW THEREFORE BE IT RESOLVED, that the Newark Board of Education hereby consents to and authorizes the assignment of the individual Master Services Agreements for George Washington Carver School and Technology High School from CF Holdco SF LLC to CF Lessee F7 LLC and authorizes the Board to execute the Consent and Agreement for each location.
BE IT FURTHER RESOLVED, that the Newark Board of Education hereby also authorizes the payments under the individual Master Services Agreements for George Washington Carver School and Technology High School to be remitted directly to Wilmington Trust National Bank instead of CF Lessee F7 LLC.
BE IT FURTHER RESOLVED, that the Newark Board of Education hereby designates and authorizes the following person(s) to execute and deliver the Consent and Agreement documents for each individual site: Authorized individual(s): Dawn Haynes, Board President; Valerie Wilson, School Business Administrator; Krystal Whitlock, Assistant School Business Administrator.
EXPLANATION: To authorize an assignment of two individual Master Service Agreements to a successor entity to facilitate financing.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 9 Nay: 0. | | The motion Carried 9 - 0 | | | | | Josephine Garcia | Yes | | Flohisha Johnson | Yes | | Dawn Haynes | Yes | | Asia J. Norton | Yes | | Shayvonne Anderson | Yes | | A'Dorian Murray-Thomas | Yes | | Hasani Council | Yes | | Vereliz Santana | Yes | | Daniel Gonzalez | Yes | |
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