Item Description:
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Authorization to terminate the amended and restated solar power purchase Agreement PR00002060 and associated easements with Innovative Power Systems, Inc. to purchase power from a ground mounted solar array proposed at the Adult Correctional Facility
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Resolution:
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BE IT RESOLVED, that the County Administrator be authorized to negotiate Agreement A2311953 terminating Agreement PR00002060 with Innovative Power Systems, Inc. for the solar power purchase and construction of a solar facility at the Adult Correctional Facility, along with any associated easements; and that upon review and approval by the County Attorney's Office, the Chair of the Board be authorized to sign the agreement on behalf of the county.
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Background:
In 2018, Hennepin County and the State of Minnesota issued a joint request for proposals for potential solar locations. Using the best value process, a panel including Hennepin County staff reviewed proposals from four vendors and chose Innovative Power Solutions, Inc. The vendor would install, own, and maintain a solar system at the Adult Correctional Facility for a period of 20 years based on the price stated in the 2018 proposal. The county would purchase the power based on a cost per kilowatt-hour produced. An initial power purchase agreement was signed on March 10, 2020 and was amended and, due to increased panel efficiency and additional contract terms, restated on August 9, 2022.
Innovative Power Systems, Inc.is no longer able to secure financing and complete the project under the original proposed purchase price. The county and Innovative Power Solutions, Inc. agree to terminate the amended and restated solar power purchase Agreement PR00002060. This agreement will terminate easements granted for the project and will release all claims between the parties.
Facility Services now plans to directly purchase, own, and maintain this solar array along with several others in the county due to the coun...
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