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land. The CRC opted to request a lesser acreage, later k

the EVTA.

When did the CRC initiate the purchase of the EVThe CRC led their application to purchase the EVTA on 1968 (the deadline to le was March 6, 1968). A later amto purchase was led on June 23, 1992 to rm up the acr

detail the intended uses of the land to be purchased.

When was the purchase completed?Boulder City and the Colorado River Commission completransfer of the land to Boulder City ownership on July 9, 1sum of $1,277,630.

What is the Boulder City Conservation EasementOne of the stated purposes listed in the purchase agreemEVTA was to set aside a large portion of the land as a Detoise habitat. The Boulder City Conservation Easement (consists of 87,000 acres (135.9 square miles) and is gov

the Easement Document that species the approved actias ATV riding, hiking, biking and other similar recreation.

permitted during the Hunting season as well.

Where is the Boulder City Conservation EasemeThe BCCE is generally located east of US 95 and south olake bed. There is a 3,000 acre site within the BCCE thaset aside for solar energy development.

Nothing but the FactsThe purpose of this document is to provide a brief outlinederstanding of the issues surrounding the original purchaEldorado Valley Transfer Area and the future developmen

ley for Solar Energy.

What is the Eldorado Valley Transfer Area?The Eldorado Valley Transfer Area (also referenced as “Emany documents) consists of approximately 107,400 acr(262.8 square miles).

How did the EVTA come to exist?The United States Congress passed the Eldorado Valley on March 6, 1958 (Public Law 85-339, amended by Publi784 to extend the time period of performance). The Act athe Secretary of the Interior to enter into a contract of salColorado River Commission (“CRC”) to sell them 126,77

Why Solar and Boulder City?

The area is attractive for solar development for two primary reasons:

• Proximity to four major substations on the national electrical distribution grid• Located on private land exempt from NEPA requirements

The two largest expenses to the development of a solar energy facility outside the actual facility itself are:

• getting the power to market – i.e., the construction of transmission lines from the facility to primary substations toplace the power on the national distribution grid

Lease RevenueIt is anticipated that over the next 54years that the solar energy developmentin the EVTA will generate approximately$615,103,432 ($615M) in lease revenuesfor Boulder City. Actual revenues maybe higher dependent upon the successof several leaseholders securing higher power purchase agreements and provi-sions in the lease documents for a per-centage of the revenue as rent in lieu of a

base rent based upon land value.

Property Tax RevenueAll utility-scale energy plants are as-

sessed property tax. The Boulder Citytax rate is 26 cents per hundred dollarsof valuation. There is a potential for up to$100,000 annually in property tax rev-enue in addition to the l ease revenues for city operations.

Nothing But The Facts

• History of the Purchase

(page 1)• Solar Energy Development

Potential (page 2)• Capital Investment (page 2)• Tortoise Easement Impacts

(page 1)• Potential Revenues (page 4)• Map of EVTA (page 3)

Projected Revenue Over 44 Years

Development End Fiscal Year 

Total Revenues

Eldorado Energy FY17 $ 9,795,728

Nevada Solar One FY46 $ 20,350,000

Nevada Solar Two FY50 (*) $ 31,175,375

Nevada Solar Expansion FY50 (*) $ 7,497,875

Sempra (10MW) FY38 $ 9,681,775

Copper Mountain FY38 $ 23,644,221

Next Light FY51 $ 102,665,000

Sol Bio Energy FY52 $ 138,300,000

Taihan Techren FY54(*) $ 193,418,456

Sempra Black Hills FY54(*) $ 78,575,000

GRAND TOTAL $ 615,103,432(*) - estimated contract period and revenues based upon recently approved agreements.

Development Acreage MW Solar Tech

Nevada Solar One 400 65 CSP

Nevada Solar Two 553 95 CSP

Nevada Solar Addition 133 30 CSP

Eldorado 130 10 PV

Copper Mountain 379 48 PVNextLight 1,150 145 PV

Sol Bio Energy I 2,200 300 PV

Taihan Techren 2,200 300 PV

Sempra (Black Hills) 1,100 140 PV

TOTAL 8,245acres

1,133MW

• The time and expense to completing thenecessary environmental reviews requiredunder the National Environmental Policy Act(“NEPA”) for projects constructed on FederalLand. The expense is t-fold: (1) the length of time to draft an acceptable NEPA documentcan be as long as 3-4 years; (2) the cost of hiring engineering rms to develop the NEPA

document for that 3-4 year period; (3) thecost of implementation of any mitigation mea-sures identied in t he NEPA document

Because of the proximity of the EVTA to exist-ing interstate transmission lines and substations,along with being able to develop on private land,the Boulder City sites are very attractive and per-mit the development of solar energy at relativelyaffordable market prices.

State Tax Revenues (Sales/Utility)The City itself does not have a local option sales tax, but the state and region will benet from construction activities and

the purchase of equipment and supplies.

Transmission Line RentsThe miles and miles of transmission lines running through Boulder City previously paid rent to the Federal Government(BLM) for easement rights. Boulder City will be able to collect between $25,000 and $50,000 annually from the variouspublic utility transmission companies for the privilege to cross City-owned land.

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June 10, 2010

City of Boulder City

Community Development Department

401 California Avenue

PO Box 61350

Boulder City, NV 89006-1350

(702) 293-9282

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Capital InvestmentIt is anticipated that two types of Utility Scale Solar Energy facilities will be constructed within the EldoradoValley: Photovoltaic (“PV”) and Concentrated Solar Power (“CSP”). Photovoltaic currently costs approxi-mately $3.1M per megawatt to build. Concentrated Solar Power costs approximately $6.9M per megawattto build. Primary reason for the wide difference in construction costs are efciency in power output per acre. CSP power yields more power per acre than PV – due to several reasons: • Temporary cloud cover does not signicantly lower CSP output, whereas output ceases for PV• CSP uses steam powered industrial generators to create the electrical current, able to regulate the

efciency to ensure desired output, PV is dependent uponthe silicon receiving sunlight to produce electricity.• Sun angle affects PV output, has a minimal effect onCSP output

For all solar energy projects either completed or contem-plated, the anticipated capital investment in Utility ScaleSolar Energy Facilities upon build-out is conservativelyplaced at $4,234,300,000 ($4.2B dollars)

Capital Investment also includes related investment in  jobcreation. It is anticipated that the planned projects will generate 16,000 jobs over the life of the construction

 process.

Additional Capital Investment: In addition to the solar energy facilities, Boulder City is poised to experi-ence additional development in the form of additional inter and intrastate transmission lines that will tra-verse the City and to the four substations (Mead, McCullough, Marketplace and Eldorado). Additionaltransmission line enhancements (such as re-conductoring existing lines, or upgrades to existinglines) are anticipated to occur.

Film and Print Media InvestmentThe EVTA, and more particularly, the Dry Lake Bed, Tortoise Easement and the newsolar energy facilities are very popular sites for lm and print media backdrops. TheCity works hard to promote our fantastic vistas through the Nevada Film Ofceand competitive lm permit pricing.

Tortoise Easement

Solar Energy

Dry Lake

Recreation

EVTA AcreageTortoise Easement: 87,000 acresSolar Energy: 9,300 acresDry Lake Bed: 1.437 acresRecreation Land: 9,663 acres

Recreation Facts- Over 400 miles of open trails for use by ATV’s and other off-road vehicles- The Tortoise Easement is OPEN for passive recreation- The Dry Lake remains a very popular lm and print media lming site

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