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COM 1062.007 2006-2008
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COM 1062.007 2006-2008
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Last modified
5/11/2008 9:03:49 PM
Creation date
5/8/2008 7:20:04 PM
Metadata
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Template:
Communications
Communications - Type
COM
Communications - Council Term
2006-2008
Communication
1062
Point
007
Author
Rick Sapir and Jack Ristau
Communications - Referred To
FC
Comments
Presented: FC - 3/11/08
Document Relationships
AGE FC 03/11/2008 2006-2008
(Related)
Path:
\Council Records\Agendas\2006-2008\Finance Committee (FC)
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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> County Termination Rights <br /> <br /> <br /> • Initial Development Period <br /> - County right to terminate upon receipt of refined DB Price <br /> • No Payment Obligation <br /> - County right to terminate following receipt of Environmental <br /> Analysis Report <br /> • No Payment Obligation <br /> - County right to terminate due to reduction in electricity price <br /> • No Payment Obligation (except for costs, if any, above $1M) <br /> - County right to terminate due to new significant environmental <br /> finding not addressed in the Environmental Analysis Report <br /> No Payment Obligation (except for costs, if any, above $1M) <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> County Termination Rights <br /> <br /> • Development Period <br /> <br /> - County right to terminate at any time for any other reason <br /> Payment of Company costs incurred to-date <br /> • Operating Period <br /> - County right to terminate at any time for any reason <br /> • Payment of Termination Fee ($3.OM declining monthly) <br /> <br /> • Termination at any Time due to Company Event of Default <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> I1 <br />
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