Settlement Agreement – Town of Freedom / Beaver Ridge Wind, LLC

Hi folks,

Sorry we’ve been away for a bit and missed the Board of Selectmen meeting held last Monday night. Fortunately for us another “family” member attended, but we haven’t had a change to speak with him yet as to what happened. He did leave us a copy of the purposed Settlement Agreement between the Town of Freedom and Beaver Ridge Wind, LLC. I’ll scan this document and post it soon, but we don’t have all the information we need to do a detailed posting.

It does look like the agreement contains the Board of Selectmen’s request to have it not binding for future Boards of Assessors. It also, at a quick scan, has a valuation based upon the request made by the Freedom Board of Selectmen for 0% for 2014 – 7.5% 2015 thru 2018 – 3.5% S/L beginning in 2019 until turbines have reached 35% of their beginning value in 2029. The value of the project after 2029 will be $3,455,201.

That’s all the information we have for now, but we’ll get back to everyone with a more complete update as soon as we can.