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Summit Carbon Solutions presents updated community benefits, landowner options and permit changes to Story County
Summary
Summit Carbon Solutions told the Story County Board of Supervisors it has a new executive team, filed an amendment with the IUC on Sept. 15, and proposed county grants, annual royalties and landowner payment options; the company said its pipe in Story County would generate roughly $1.34 million in property taxes annually.
Summit Carbon Solutions gave an update to the Story County Board of Supervisors on Tuesday, describing leadership changes, a new community benefits package for affected counties and landowners, and an amendment the company filed with the IUC on Sept. 15 to reflect routing and design changes.
Joseph Crossgrove, project manager for Summit, outlined multiple elements of the company's revised outreach and benefits approach, including an annual county grant and per-foot royalties tied to acquisition levels. "It's $50,000 plus thousand dollars each mile of pipe in the county," Crossgrove said when describing the county grant; for Story County he said the figure would be about $67,500 to the county emergency manager, delivered no earlier than 180 days before operations.
Key commitments and technical notes Summit described three new…
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