Argent initiated negotiations for draft agreements with the city in 2023. During this process, Argent assisted COSL with a grant application to the FY23 Charging and Fueling Infrastructure (CFI) Discretionary Grant Program. City Council passed a resolution approving the CFI Discretionary Grant application in July 2023. On February 5, 2024, the City was notified of non-selection for the U.S. DOT CFI Discretionary Grant. Despite negative CFI grant award status and given that Center Point has completed installation of necessary electrical infrastructure at both sites, Argent and Associates Inc, now teamed OnPoint EV Solutions- Argent Associates SPV, wishes to pursue a (zero cap) investment and revenue share installation strategy with the city for both the Airport and IPRC sites. OnPoint EV-Argent will invest approximately $1.6M for the two sites. 

 

The Framework Agreement provides the baseline expectations in support of a cooperative agreement between the City of Sugar Land as the host and OnPoint EV Solutions, INC as the service provider for installed, commissioned, operation and maintenance of Electric Vehicle charging stations on City of Sugar Land public properties. The Framework Agreement does not include specifics with regard to EV site locations and services but instead provides the legal definition and terms of a city and service provider cooperative agreement. For example, the Framework Agreement stipulates that the cooperative agreement will include consideration paid to the City of Sugar Land, but does not stipulate the specifics of that consideration.