AUTHORIZING AND RATIFYING THE CITY OF
LAKEWOOD TO ENTER INTO TWO COMMUNITY SOLAR INTEREST PURCHASE
AND ENERGY AGREEMENTS BETWEEN AFFILIATES OF CLEAN ENERGY
COLLECTIVE, LLC (CEC SOLAR #1023, LLC AND CEC SOLAR #1026, LLC,
RESPECTIVELY) AND THE CITY, AS CUSTOMER; ASSIGNING THE CITY’S RIGHT,
TITLE AND INTEREST IN THE COMMUNITY SOLAR INTEREST PURCHASE AND
ENERGY AGREEMENTS TO MUNICIPAL CAPITAL MARKETS GROUP, INC.;
ENTERING INTO AN ANNUALLY RENEWABLE LEASE PURCHASE AGREEMENT
BETWEEN MUNICIPAL CAPITAL MARKETS GROUP, INC., AS LESSOR, AND THE
CITY, AS LESSEE, FOR THE PURPOSE OF FINANCING THE ACQUISITION OF
ELECTRIC GENERATING CAPACITY AND ACTUAL ELECTRIC PRODUCTION OF
SOLAR PANELS LOCATED IN TWO COMMUNITY SOLAR ARRAYS IN JEFFERSON
COUNTY, COLORADO, RESULTING IN ENERGY CREDITS FROM XCEL ENERGY
FOR POWER GENERATED BY THE SOLAR PANELS IN CONNECTION WITH
PROVIDING ELECTRICITY TO PUBLIC BUILDINGS USED BY THE CITY TO
CONDUCT ITS GOVERNMENTAL BUSINESS; AUTHORIZING THE EXECUTION OF
DOCUMENTS RELATED THERETO; AUTHORIZING A SUPPLEMENTAL BUDGET
APPROPRIATION OF $957,162; FURTHER, DECLARING AN EMERGENCY