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Modification of Economic Development Agreement with Cradle Solar, LLC
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Whereas, on August 24, 2021, through Court Order 6.Q.1, this Court approved an Economic Development Agreement with Cradle Solar, LLC;
Whereas, the terms of the Agreement were amended through Court Order Nos. 6.M.10, dated July 12, 2022 and 7.C.1, dated July 26, 2022;
Whereas, Cradle Solar, LLC wishes to modify the Economic Development Agreement as set forth in the Guidelines and Criteria of Brazoria County;
Whereas, Construction will be delayed and will not commence until after December 31, 2023;
Whereas, Cradle Solar, LLC has requested a modification to make December 31, 2024 the commencement deadline;
Whereas, Construction will not be completed by December 31, 2024; and
Whereas, Cradle Solar, LLC has requested a modification to make December 31, 2025 the completion deadline.
Therefore, the Court hereby approves the following actions:
The Court hereby approves entering into a modification agreement for the Economic Development Agreement reflecting the commencement deadline as December 31, 2024 and the completion deadline as December 31, 2025.
The County Judge is authorized to execute the new contractual Agreement.