Document

Invenergy 'Neighbor' Agreement - Iowa

The document attached to this page is a "Wind Farm Neighbor Easement" agreement signed between wind project developer, Invenergy, and property owners with land adjacent to the Ida Grove Wind Project, a 300-megawatt project cconsistng of 120-GE 2.3-MW and 14-GE 1.79-MW turbines. The project was proposed by Invenergy and now owned by MidAmerican Energy Company (MEC) in Iowa. The project was placed in service at the end of 2016. Paragraphs from the agreement are excerpted and presented below. The full document can be accessed by clicking the document icon on this page.

RECITALS

C. Although Developer is taking commercially reasonable measures to minimize the side-effects of the operation and construction of the wind Farm's Generating units and other related facilities on property near or adjacent to the wind farm, including Owner's Property, and Developer does not expect these side effects to exceed any industry standard regarding sound, shadow flicker, or television interference, Owner understand and accepts that operation of Generating Units may have some impacts on the Wind Farm's neighbors, including the Owner's Property.

D. Developer and Owner believe it is in their mutual best interest to enter into this Agreement to document their expectations as to possible side effects of construction and operation of the Wind Farm. Also, although no Generating Units or other related facilities of the Wind Farm are planned for installation on Owner's Property, Developer wishes to obtain Effects, Sound and Shadow Easements from landowners who are neighbors who are neighbors of the Wind Farm for the benefit of the Wind Farm and as an opportunity to provide Owner with certain economic benefits to accrue from operation of the Wind Farm.

EXHIBIT B - Payment Schedule

If a Generating Unit is installed within one-half mile of a residence existing on the Owner's Property as of the date of this Agreement, then Owner shall be paid either (initial one of the following options):

______ Option 1:

An annual payment of Five Hundred dollars ($500); payable not later than January 31 of each year of the Term following the latter of (i) the date on which the Wind Farm begins Commercial Operation, as defined in Section 4 of the Agreement, or (ii) the date on which a Generation Unit is installed within one-half mile of a residence existing on the Owner's Property as of the date of this Agreement. Such annual payment shall be adjusted upwards by the greater of two percent (2%) per year on a compounded basis or by the percentage change, if any, in the GDPIPD for the preceding available four quarters. GDPIPD means the gross domestic product implicit price deflator, as computed and published quarterly by the U.S. Department of Commerce (Index 2000=100), as presented and revised from time to time in the "Gross Domestic Product: [applicable quarter] Quarter ‘Final’ Press Released" released periodically by the Bureau of Economic Analysis. 

______ Option 2:

A single one-time payment of Nine Thousand dollars ($9000) payable within sixty (60) days after the latter of i) the date on which the Wind Farm begins Commercial Operation, as defined in Section 4 of the Agreement, or (ii) the date on which a Generation Unit is installed within one-half mile of a residence existing on the Owner's Property as of the date of this Agreement.

360156642-invenergy-neighbor-agreement_thumb
360156642 Invenergy Neighbor Agreement

Download file (3.18 MB) pdf


Source: https://www.scribd.com/docu...

OCT 7 2017
http://www.windaction.org/posts/47288-invenergy-neighbor-agreement-iowa
back to top