Meeting papers

                                                                                                          Schedule 1               Proposed Contract Terms
                                                    Noosa Shire Council Community Battery Project
                                                            Development Agreement Key Terms


Background and purpose
The terms sheet below summarises the key terms and positions proposed by Council in relation to a Development Agreement (Agreement) for the proposed
installation, operation and maintenance of a community battery in Noosaville for the provision of energy to local households and into the grid (Project). This is not an
offer from Council to any other party or vice versa. A legally binding agreement will not exist until a written contract is formally executed by the parties.
Project generally

 Item     Issue                       Term

 1.       Purpose of these            This project is a pilot project to consider how a community battery could operate within the Noosa Local Government Area and
          contractual                 provide benefit to the community.
          arrangements
                                      We think the contracting structure should be kept as simple as possible, given the nature of the Project.

 2.       Structure of contractual    This document assumes that there will only be one contract i.e. a Development Agreement that will:
          arrangements
                                          •   establish a contractual relationship between the Council and YEF;
                                          •   cover supply and installation of the community battery by YEF; and
                                          •   cover operation and maintenance by YEF for five years.

                                      Regarding other stakeholders under the Development Agreement:

                                          •   ZEN will be a subcontractor directly engaged by YEF as the Public Relations Consultant;
                                          •   Acacia Energy will be directly engaged by YEF as the Energy Retailer

                                      The proposed key terms of the Development Agreement are set out below.




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