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Item No. 17 <br />Memorandum <br />TO: Mayor, Mayor Pro -Tem, & City Council <br />City Manager Rose Beverly <br />FROM: Robert G. Vine, Deputy City Manager <br />SUBJECT: Possible Projects to Fund with Revenue from Solar Farm Disannexation <br />DATE: March 24, 2025 <br />BACKGROUND: In June of 2024, the City Council approved the disannexation of some property <br />located inside the City limits for a Solar Project and Nexus. This agreement stated Nexus agreed <br />to pay $400,000.00 to the City in three installments. As of March 19, 2025, the City has received <br />the first two payments, $100,000.00 and $175,000.00 with the final payment of $125,000.00, <br />expected within 30 days of the commercial operation date estimated to be 12/31/2025. <br />STATUS OF ISSUE: Council has expressed interest in funding a special project, or projects, <br />with these funds received from Nexus and the Solar Project. Staff have identified several different <br />projects and obtained cost estimates for each. These projects were selected for presentation based <br />on staff recommendations and the value they could potentially add to an existing amenity or <br />project. <br />Project <br />..:.n...: ��..__.�.....-�.m_...m .....� _...�.�_ _........ <br />.._ <br />Tt4°.,;; <br />....�.,��._. <br />Sports Complex Parking Lot (Soccer) <br />Spa <br />$ <br />402,200.00 <br />AddPine.Mill Street to Mill and Overlay Project (35th ST NE to 30 St NE) <br />...... <br />$ ........ <br />400,000.00 <br />General Fund <br />_ ........ �. __......_ <br />$ <br />400,000.00 <br />Shared Fuel Farm Project with Lamar County <br />_ �...... _ ...n...... ......._ <br />$ <br />400,000.00 <br />Lake Croo.��. <br />Crook Boat Ramp ....._ �.....�......__ <br />$ <br />356,300.00 <br />Cover 1st Street Project 0.�. <br />_ Overage (Grant Project) <br />$ <br />300,000.00 <br />Restroom Facility at Lake Crook (Taos) � ....,� <br />......� ..... <br />$ <br />233,063.00 <br />Sports Complex Parkin Lot Pavillion, Pum Track, Pickleba <br />p p ll) <br />g ( � ..�.� .......... ���... �.. <br />� <br />$ <br />..., <br />207,690.00 <br />k (Kodiak) <br />Restroom Facility Lake Crook <br />..m__ .._.......... <br />$ <br />149,590.0 0 <br />Restro.. <br />om Facility at Lake Crook (Cortez) <br />�._..mm. _.....�.......__�... <br />�ompactor <br />$ <br />109,213.00 <br />Vertical C Dumpster for Downtown (Dumpster, concrete pad, <br />power, enclosure <br />$ <br />55,000.00 <br />