2 Rivers council approves 4-year extension for Hawk Energy option, adds $150,000 minimum annual payment
The City Council authorized a first amendment to a real estate purchase option with Hawk Energy Storage LLC to extend the option term and to add a minimum annual payment provision tied to property tax/PILOT receipts.
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The 2 Rivers City Council on Jan. 20 approved a first amendment to a real estate purchase option with Hawk Energy Storage LLC, extending the developer's option to purchase a roughly 9.4-acre parcel in the Woodland Industrial Park and adding a $150,000 minimum annual payment tied to property tax or payments-in-lieu-of-taxes.
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