Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: James C. Porter, Director of Public Works
Subject: Amendment to the Takeover Agreement between the County and Atlantic Specialty Insurance Company ("Surety")
RECOMMENDATION:
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Adopt a resolution authorizing an amendment to the Takeover Agreement with Atlantic Specialty Insurance Company, that includes:
A) Correcting the Takeover Agreement's recital of the original Team-Solar, LLC contract amount from $3,615,493 to $3,977,042, which includes the $3,615,493 in project costs and $361,549 in contingency funds; and
B) Extending the term to September 30, 2017; and
C) Increasing the project's maximum fiscal obligation by $50,000, for a new not-to-exceed amount of $4,027,042.
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BACKGROUND:
On July 15 2014, your Board adopted Resolution 073291, which authorized an agreement with Team-Solar, LLC, in the amount of $3,977,042, to design, furnish, and install a solar photovoltaic carport at the San Mateo Medical Center (SMMC). Total Board approved funding included: $3,615,493 as the agreed upon contract amount and $361,549 in contingency funding.
This project was executed in furtherance of the goals of the County's Strategic Energy Master Plan approved on December 11, 2012, which recommends acquisition of solar photovoltaic systems as a means to accomplish the goals of generating 25 percent of energy demand from renewable sources and reducing greenhouse gas emissions from County facilities by 15 percent by 2020.
In September 2015, the County was required to enter into a separate agreement with Pacific Gas and Electric Company (PG&E) for $228,068 to complete the interconnection of the carport's photovoltaic system to PG&E's electrical grid. This work was included in the original contract with Team-Solar, LLC; however, Team-Solar was unable to meet its financial obligation.
Team-Solar, LLC filed for bankruptcy on April 21, 2016. The Coun...
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