Posted by MSD on April 09, 2008 at 19:43:17 from (67.1.179.154):
In Reply to: OT Wind energy lease posted by wrench101 on April 09, 2008 at 15:58:22:
I just returned my signed contract to Florida Light and Power. They are one of the bigger wind producers in the country. They are planning a big project in Northeast SD next year. They sent a copy of the contract to look at and ask questions about. If we were interested, they would send three copies of the actual contract with the legal descriptions and payment terms. One copy to keep and two to send back. They would send the third one back when they signed it. If we signed within 30 days of getting the contract, they gave a $1000 signing bonus. The payment for the actual lease option is $1000 per year regardless of how many acres you have. That runs for 3 years. If they decide to renew the option for another 2 years, you get a renewal bonus of $1000 plus your annual $1000 payment. The tower payment varies according to the size of the turbine they put up. If you don't get a turbine, you have given them the easement rights to your land, if they put a road in they pay extra for that. If they bury power lines or go overhead they pay for that also. Everyone that had a chance to sign up did as far as I know. There was another company that was working the area that paid $3.75 per acre per year for the lease option and about the same per turbine-in the $5000-$7000 range. The lease runs for 50 years. I think most of the guys went with FLP as they paid the best up front. The contract was long but not that hard to decipher if you have ever read any contracts and have some understanding of how they read. My brother had an attorney look at his and thought it was ok.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
