2018-09-12 CC Packet - Laserfiche WebLink

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saga; 2 September 6, 2018 Mark Statz, City Administrator City of Centerville 1880 Main Street, Centerville, MN 55038 Dear Mark, Thank you for the opportunity to present this preliminary offsite solar SunscriptionSM proposal to you and your team. We at United States Solar Corporation ("US Solar") are thrilled to help the City of Centerville lock in the fixed-discount, long-term savings opportunity currently available through Xcel Energy's Solar*Rewards Community Solar program. US Solar is a turnkey developer and owner/operator of utility-scale solar projects. The US Solar team provides an unparalleled combination of broad experience and strong local roots. We have developed 20+ operational community solar gardens in Minnesota and currently have 80 more under construction or in development. The enclosed proposal includes details about our company, our strategic alliance partners, and our Sunscription proposal. As explained in more detail below, the Solar*Rewards Community Solar program allows Xcel Energy ratepayers to benefit from large, efficient solar projects built at offsite locations by becoming a solar project "subscriber." Many cities, school districts, public entities, and corporations have already executed Sunscription subscriber agreements with US Solar. We ensure that each one of our projects is built to the highest capital markets standards to maximize the savings available to subscribers like you. We hope that the City of Centerville chooses to take advantage of this unique opportunity. Please contact us with any questions, comments, or points of clarification. We look forward to working with you. Sincerely, Reed Richerson -COO United States Solar it Coirll.oir bolo I00 IN 6th St., Suite 218C N/Hiroiroeualp¢alllis, INAlN 55403 VW: (612)260...2230 C: (916) 704 2720 ireeo,iriis:olheirasd::giro@u.us s¢:91 air.¢:;cmn dsletter is intended solely asa basisfor providing indicative pricing and terms and for in furl-her discussion. It doesnot evidence any agreement to make an investment nt azar any other binding commitment on they part of LIS Solar or any other party. Such investment or other binding commitment nt mn ill arise only upon the execution cation of definitive, binding agreements. Any subscriber tra:arms,a:action would be contingent on prior credit revde vil. Them inlormmma<:ation provided below is based on they termmms,and conditions oft-he aCaaalaar Fw'emmn✓a<:arals, I:aamrmmrmaarmrty Solar Izrora<:amrm a<:as, they emacds,t a<:as,of the rla:alem of this letter. LIS Solar remrtaaemz.,ts,that the remcdlaremrml Gcemempa the termmms,of this,letter confidential 39