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Mohave Countys First Renewable Energy Project Underway

by Surety Admin 16. March 2011 11:30
Mohave County's first renewable energy project is now under construction in Kingman. "We will be erecting five 270-foot towers with blades that are about 175 feet," Western Wind Energy Vice President of Development Mike Boyd said. "This is a unique project. The pads are almost completed. This is the first utility-scale, integrated wind and solar energy project in the United States."

According to the Western Wind website, construction on the company's 10.5 megawatt combined wind and solar project started in December and should be done around fall. The project is fully zoned for wind energy. The company has signed a power purchase agreement with UNS Electric, Inc., a subsidiary of UniSource Energy Corporation of Arizona.

The project is east of Interstate 40 and the railroad tracks, south of Kingman. The project is on 808 acres and is getting graded. Turbines are expected to arrive and start going up on April 15. That project should be done by mid-July.

Boyd said a 10-acre area is being prepared for photovoltaic solar panels. Power from the wind turbines and solar panels will go to the substation and, from there, go on a line across Bureau of Land Management land to the power grid to feed the power to UniSource. The 10.5 megawatts is enough to power about 4,000 homes.

"I commend Western Wind Energy and Unisource for locating this sustainable energy project in Mohave County," County Economic Development Department Director Travis Lingenfelter said. "According to Western Wind Energy's corporate office, this project represents a total investment of approximately $28 million, which demonstrates their confidence in the future of the renewable energy sector here in northwest Arizona."

Catherine Anaya News Anchor, KPHO CBS 5 News
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SBA Changes Size Standards

by Surety Admin 1. March 2011 11:49
"SBA issued a Direct Final Rule amending Part 121 of Title 13 of the Code of Federal Regulations to permanently adopt the temporary size standard for the SBA Program that was implemented under the American Recovery and Reinvestment Act (Public Law 111-5).  Effective October, 2010 a business concern is small if it, combined with its affiliates, does not exceed the size standard designated by the North American Industry Classification System (NAICS) code that corresponds to the primary industry of the business and its affiliates.  This change raised the size standard for many firms in the construction and service industries.  Without it, approximately 8 percent of the businesses that qualified for assistance under the Recovery Act in Fiscal Years 2009 and 2010 would have been ineligible for continued bond guarantees after September 30, 2010, jeopardizing their continuity and growth."

All agents requesting access to SBA’s E-application system must be empowered by a participating surety partner.  An authorized employee of the surety company must present the request on behalf of the agent.  Once the request is received, a systems generated password will be issued within 72 hours.
  • How long will it take for my application to be approved?  Average application cycle time is 4.5 days for completed submissions.

  • How often are WIP and bank letters required? WIP and bank letters should be updated every 90 days.

  • What is SBA’s requirement for financial statements? Financial statements are required twice a year (at contractor’s year end and six months).

  • What is SBA’s position on design build contracts? Design build contracts have been removed from the listing of ineligible contracts and will now be considered.  Please include a current certificate of insurance evidencing proper coverage as part of your submission package.

  • How long will it take for reimbursement of a claim? SBA’s Goal is 20 days or less for all claims reimbursement requests.

  • When is the contractor fee due? Contractor fees are due at time of submission of the final bond guarantee application.

  • When is the surety fee due? Surety fees are due within 60 days of submission of the final bond application.

  • What is SBA’s policy on contract increases and decreases? In OSG’s Prior Approval Program, the surety or agent must request SBA’s prior approval of all changes that exceed 25% or $50,000 of the contract amount singly or in aggregate.  Any aggregate change of 25% or $50,000, whether an increase or a decrease will generate an additional fee or a fee rebate.  Any change generating a charge or refund of less than $40 will be disregarded.


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