118.2024 Authorizing Execution of Non-Binding Letter of Intent Concerning Possible Solar Power Project-AC Power Development Comp LLC RESOLUTION AUTHORIZING EXECUTION OF NON-BINDING
LETTER OF INTENT CONCERNING POSSIBLE SOLAR POWER
PROJECT -AC POWER DEVELOPMENT COMPANY, LLC
RESOLUTION NO.: 118,2024
INTRODUCED BY: Mr.Anthony Metivier
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Harrison Freer
WHEREAS, the Town of Queensbury is considering entering into a lease of its real
property located at 1396 Ridge Road for the development and construction of a grid-connected
solar photovoltaic generation facility with AC Power Development Company, LLC (Project), and
WHEREAS, the Town Board wishes to authorize a non-binding Letter of Intent(LOI) setting
forth the preliminary terms and conditions relating to the possible Project as set forth in the proposed
LOI presented at this meeting,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board authorizes the Town Supervisor to sign the
non-binding Letter of Intent with AC Power Development Company, LLC regarding the potential
lease of real property for solar development as set forth above in substantially the form presented at this
meeting and further authorizes and directs the Town Supervisor and/or Town Counsel to take any
further actions necessary to effectuate the terms of this Resolution.
Duly adopted this 18t'day of March, 2024,by the following vote:
AYES Mr. McNulty, Mr. Strough, Mr. Metivier, Mr. Freer, Mr. Dixon
NOES None
ABSENT: None