The Greensburg City Council unanimously agreed to a 30-year lease with Greensburg Crystalline, a solar panel manufacturer during their regular session on Monday.
The lease, which requires the submittal of formal construction plans to the city by September 1, is a further step, which may bring the solar panel start-up to the Greensburg Industrial Park. The lease, for Lot 3 Block 2 of the Greensburg Industrial Park, also states that if Greensburg Crystalline does not begin construction on a facility within 180 days after approval of their construction plan, the city would be allowed to terminate the lease.
Greensburg Crystalline has committed to constructing a facility at a cost of no less than $10 million.
“I know that people in Greensburg have been promised so much by so many companies, especially in the wake of HIB falling through, I’d have to say that this company has real promise,” said Levi Smith, Chief Marketing Officer for the National Sustainable Energy Group (NSEG) and Greensburg native. NSEG is the parent company of Greensburg Crystalline.
The lease agreement also accompanied a revised letter of intent from the city, which outlines municipal incentives. The city will offer the company $1 annual rent, a waiver of cost of utility connections, a waiver of city fees and a promise to assist with tax rebate programs. The agreement is similar to previous letters of intent issued by the city to potential businesses.