01 January 2021

Saints Holdings Grabs-Up Almost Everything > Now Selling Electricity Back to Mesa Public Schools + City Utilities Customers

The same group that financed Mesa City Manager Chris Brady's charade "Stadiums Paid-Off" in a sell-off of water-rights to more than 11,000 acres of lands owned by the City, is now selling Telectric energy back to the city to sell to its utility customers...
A PERPETUAL MONEY MACHINE that uses inter-locking enterprise investments

Huge Land Sale in Pinal County Sets Up Planned 100-Megawatt Solar Project

Article originally posted on Phoenix Business Journal on May 28, 2019
A Florida energy company paid close to $15 million for over 1,000 acres in Pinal County for a new solar power project.The 100-megawatt project will be the largest solar farm in Pinal County and one of the largest in the state, said Coolidge City Manager Rick Miller.

“This is a desirable location for solar,” Miller said. “We are also working with two other companies looking to do large-scale solar projects in the area.”

Scottsdale-based Saint Holdings sold 1,027 acres to a company called Saint Solar, an entity controlled by Florida Power & Light Co., the principal subsidiary of NextEra Energy Inc., according to real estate database Vizzda. The land sold May 15 for $14.8 million, according to Vizzda. . .The solar project is north of the planned $1 billion, 2,000-job manufacturing plant for Nikola Motor Co. and its hydrogen-electric trucks.

Saint Holdings on Twitter: "Saint Holdings continues to fuel #PinalCounty  through business growth and the sun! Saint Holdings just closed Pinal  County's most significant renewable #energy deal on a new 1,000-acre,  100-megawatt

Saint Holdings LLC also sold the land to Nikola for its facility and to California-based Lucid Motors, which is planning a $700 million electric car plant in nearby Casa Grande. Jackob Andersen - President/CEO - Saint Holdings | LinkedIn

The company still owns more than 10,000 acres in Pinal County, said Jackob Andersen, president and CEO of Saint Holdings.

“This is huge. This is a big deal,” Andersen said. “This is great for Arizona, the region and our green footprint."Investors banking on proposed Pinal freeways, projects | Area News |  pinalcentral.com

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The latest comes from a Twitter post on August 24, 2019 https://twitter.com/mayorgiles  

Here's a clue to this latest installment for The Game of Charade here in Mesa:
The Pay-Off for a $94M debt
(that's the story they want to be told at least)
The City of Mesa has no "home team", except for all the salaried and elected players inside City Hall. They somehow managed to finance not one but two ball parks.

 

Mayor John Giles (@MayorGiles) | Twitter

https://twitter.com › mayorgiles

 

The latest Tweets from Mayor John Giles (@MayorGiles). John Giles. 40th Mayor of Mesa, Arizona. Mesa, AZ. ... Embed Tweet.
 ICYMI: #Mesa's #spring training facilities are being paid off years ahead of schedule saving millions of dollars ⚾ ... PLEASE WATCH THE VIDEO

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The Game of Charades from Mesa City Manager
Chris Brady's own playbook.
It started a long time ago when he had a plan for the playbook.
It took a while to 'juggle the books' and find the right time and the right places to see off 'obsolete water-rights' to more than 11,400 acres on the Mesa Farm in Pinal County.
The buyer who was ready, will and able?

SAINTS HOLDINGS LLC
Website: Saint Holdings  
Twitter: @SaintHoldings       

Saint Holdings is a multi-faceted real estate investment and development company with holdings in industrial, land, multifamily residential, and agriculture.
            
Global Water Resources has signed agreements with Saint Holdings that will result in providing water services to Saint Holding’s Inland Port Arizona, where is constructing their new facility. Contact us for shovel-ready opportunities.

 

Mesa gets solar power from SRP

Posted

The city of Mesa is now one of 11 customers for Salt River Project receiving solar power from a new facility.

The power is coming from a 100-megawatt plant from Saint Solar that is part of the utility’s increasing efforts to provide its customers with renewable energy.

“The city of Mesa is always looking for ways to be a little greener,” Mesa Mayor John Giles said in a release. “Thanks to SRP’s Sustainable Energy Offering, we’ll be able to tap into our generous Arizona sunshine and add more solar power to our overall energy mix.”

Mesa isn’t the only city to receive power from the plant as Chandler and Phoenix also are part of the distribution. Businesses receiving power include Albertsons Cos. Inc., data centers Cyrus One and Digital Realty, and Mesa Public Schools.

“From the beginning of this process, discussing an innovative energy offering with a diverse group of customers, to now, experiencing how we jointly take a step closer to achieving our renewable energy goals, is something we recognize is extremely impactful,” SRP Associate General Manager and Chief Customer Executive Jim Pratt said in a release.

SRP’s latest renewable energy offering has a total of 33 companies signed up for 300 megawatts of power, of which the Saint Solar facility is part. SRP has a goal to reduce carbon intensity of its operations by 60% by 2035. 

sPower, Saint Solar secure planning nod for large-scale PV ventures in Arizona

After receiving approval from the Coolidge Planning and Zoning Commission, sPower is set to take the next steps towards the development of a 100MW PV project located at Selma Highway and 11 Mile Corner Road within the city of Coolidge, Arizona. 

sPower confirmed that the 100MW PV installation, operating under East Line Solar, has already signed off on a power-purchase agreement with utility Salt River Project. Construction on the installation is expected to begin in the first quarter of 2020, with completion slated for the fourth quarter of the same year. 

The 100MW installation, which was approved by the local commission back in October, is expected to generate around 277,000 MWh annually once completed, and will likely create around 150-300 jobs during the construction phase of the project. It will be located on 344 hectares of land. sPower added that a second phase of the project, the 100MW Central Line Solar, will be developed in the nearby city of Eloy, Arizona, and is slated to be operational by the fourth quarter of 2021. 

During that same planning and zoning commission meeting back in October, another large-scale project was given the green light, as a 472-hectare site will also be developed east of State Route 87 in Coolidge. That project, developed by Saint Solar, a subsidiary of NextEra Energy Resources, is expected to begin construction during the first quarter of 2020. 

NextEra Energy has already established itself in the area, as the company developed the Pinal Central Energy Centre within the same county back in 2017. The installation was eventually completed in May 2018. The Pinal Central Energy Centre, which features a 10MW lithium-ion battery storage system paired with a 20MW PV installation, will be connected to the Saint Solar project once the latter is completed, per Pinal Central. 

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More
For the big deal to spend $200,000,000 of Mesa taxpayers' money in a Field of Schemes to finance Sloan Park,  a stadium here in Mesa for the Billionaire-Ricketts Family, owners of the Chicago Cub's sport franchise, City Manager Chris Brady held up a defiant fist when questioned over the terms of pay-off of the public debt obligations. He was joined by former mayor Scott Smith . . . city assets would be sold-off:
Water-Rights on 11,444 acres of land.
Brady justified that by stating that the city had 'plenty of water' in August 2019. Now the story has changed
Let's crack open this latter-day charade
City envisions a $66M pipe as a lifeline to SE Mesa 
DUH? Hard to believe city officials are using that same old play-book
"This is just an illustration. We have no idea where the alignment is,’’
----- Jake West, Mesa’s water resources director, said
“We’re just in the beginning of an alignment study to make it as successful and economically done as possible.’’
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BLOGGER NOTE:
Water is the most precious commodity here in the Desert
It can be bought and sold or traded on the private equity market  - all with higher prices all the time the hotter and drier our so-called 'stable environment' gets.
 
The Most Precious Commodity
Here in The Desert
 
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City envisions a $66M pipe as a lifeline to SE Mesa             
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HERE'S HOW AN EARLIER DEAL WENT DOWN > Total Charade!
Here's how the deal - with few financial details disclosed - went down last month with Mayor John Giles signing off on it in a staged-for-public-consumption photo opp at the Mesa City Council Meeting on 19 August 2019 - $94,000,000 Paid in Full
City Manager Chris Brady is behind the foam core poster board holding it up. The sale was promoted as a $94,000,000 Pay-Off, but city officials never said who paid the low-ball sell-off to water-rights on 11,442 acres.
DETAILS:Titles changed hands over-time - first to Pinal Land Holdings and ultimately to Saints Holdings LLC - you can watch an edited video of the occasion of the sell-off that was turned into an escrow account . . .clips of cheering baseball fans were inserted with a voice-over by Mesa Mayor John Giles. . .
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20 May 2019
Selling-Off Water Rights To Pay-Off Major League Debt
More than 5 years ago, this LAND DEAL was one of the largest in Mesa's history.
We didn't know more about it then.
Mesa Seals $135 Million Land Deal
More
 
 
 
 
 
 
 
 
 
"According to Natalie Lewis, assistant to city manager Chris Brady, and also lead negotiator on the deal, Mesa purchased the land in 1985 for more than $29 million for its water rights to create a water farm.
Eventually, the city found more cost-effective means to provide the city water.
OH REALLY? DID THEY?
The city expected it would take 20 years or more to sell the land. But two years ago, PLH approached the city with interest in purchasing the land in phases over five years.

 
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PHOENIX—A deal for nearly $135 million and 11,400 acres was struck between the city of Mesa and Scottsdale-based Pinal Land Holdings LLC (PLH).
The land, to be purchased by PLH in three phases, is located between Coolidge and Eloy, making it an extremely attractive purchase for an entity interested in developing central Arizona. The property is currently used as farmland.
“We chose this site for many reasons including the existing infrastructure, the current and planned transportation access and the existing sense of community born through its agricultural heritage. This really and truly is the center of Arizona,” said Jackob Andersen, PLH president. . . "
WHO IS JACKOB ANDERSEN?
Jackob Andersen - President/CEO
Saint Holdings | LinkedIn

 
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NO IDEA WHERE? Get a clue
. . . if readers of this blog are curious what the Saint's holding companies are planning to create between Phoenix and Tucson around Casa Grande and Coolidge and Florence >
"a new "inland port", much similar to the same thing in-the-works in Utah. . . it certainly looks likes they are tending to now privatize water-rights just when a federal Drought Emergency Contingency Plan has been activated,
When big deals like the sale of 'obsolete water-rights' on thousands of acres that would be just dirt without it, there's always scandals that surface somehow taking a cue from an earlier extract:
The Arizona Corporation Commission’s desire for consolidation of the highly-fragmented water utility industry in Arizona and their new policy guidelines that support and incent such consolidation,
the stage is well set for additional acquisitions,.. "

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