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Subject: One Megawatt Solar Power Project
From: Office of the City Auditor
Recommendation: Receive the City Auditor's report regarding the Resolutions authorizing the City Administrator and Agency Administrator to implement a One Megawatt Solar Power Project by: Soliciting and enterning into agreements for 15-year financing and temporary construction financing; allocating funds in the total amount of $7,759,500; entering into an agreement with Powerlight Corp. in an amount not to exceed $7,214,338; accepting and appropriating approximately $3,839,258 in rebates from Pacific Gas and Electric Company; and taking related actions on behalf of the Redevelopment Agency
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