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Board reviews draft signing agreement for shared solar project; packet lists $621,875 total over term
Summary
County staff presented a draft signing agreement tied to a previously approved 5-megawatt shared solar facility, outlining two one-time payments of $25,000 and annual payments beginning at $10,000 for 40 years; staff cited a packet total of $621,875 but some itemization in the transcript was unclear.
King William County staff presented a draft signing agreement related to a previously approved 5-megawatt shared solar facility and reviewed payment terms and timing included in the applicant’s packet.
Staff reminded the board the underlying special use permit for a 5 MW shared solar facility had been approved at an earlier meeting and said the Code of Virginia allows host localities to accept signing agreements from applicants to mitigate impacts and provide financial compensation to the locality. According to…
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